Residential Land - Paphos, Timi

The plot has an area of 19,399sqm, however, due to road widening work for pavement development on-site the net area of the asset is expected to be c. 18,456sqm. The plot has an irregular shape, smooth sloping surface benefits from a road frontage of c. 210m and offers a distant view of the sea.The immediate area of the asset comprises undeveloped parcels of land and residential developments.The plot has the potential to be covered by all essential services (electricity, water, and telecommunications).The plot falls within two planning zones:-‘62% share’ into H2 with building density coefficient of 90%, coverage coefficient 50%, in 2 floors, and a maximum height of 8,3m.- ‘38% share’ into H3 with building density coefficient of 60%, coverage coefficient 35%, in 2 floors, and a maximum height of 8,3m.