Commercial for sale
Tombs of the Kings, Paphos, Cyprus
£12,874,431 *
[€15,000,000]
Full Description
This is a unique opportunity to purchase a significant 17,002 sqm piece of real estate in the heart of the tourist centre of Paphos,Cyprus. Located within walking distance from the sea, and the famous ‘Tombs of the Kings’- UNESCO World Heritage Site.
86% in Ka7 planning zone, allowing 0.8 density, 0.45 coverage and 2 floors to a height of 10 metres.
14% in Eβ planning zone, with a density of 1.4, a coverage of 0.5 and 3 floors to a height of 11.3 metres.
There is an agreed building coefficient. Details on application. Protected views as situated directly in line with historic site Existing built project of 122 apartments in 8 two-story blocks on the premises. The existing facade includes a restaurant and 10 shops. The condition of the existing built project is distressed and envisioned to be appropriate for full re-development.
PRIME TOURIST LOCATION
TITLE DEEDS AVAILABLE
WALKING DISTANCE TO BEACH
SIGNIFICANT POTENTIAL
PROTECTED VIEWS
FULLY PREPARED FOR SALE
SALE AGREEMENTS IN PLACE BETWEEN OWNERS
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