971m² Plot of Land For Sale in Paralimni with Land Deeds
This large untouched plot of land is located on the outskirts of Paralimni Town Centre, close to the old Police Station. This large plot has a residential building licence for the building of 3 detached villas, with 2 years left until it expires. The current owners would be willing to split the plot into smaller plots, at a cost incurred by the buyers. The plot has 60% build density and 35% coverage, providing plenty of scope to build nice size family homes. The cost for a build, to an energy efficient standard, would be approximately €1200 per m² - Example; a family home of 120m² would cost approximately €144,000.
- Plot size 971m²
- Planning zone Ka8 - residential
- Build density 60%
- Coverage 35%
- Height allowance 8.3m
- Build costs of approx €1200 per m²
- 5 minutes to the local shops and amenities
- 10 minutes to the nearest beach
- 45 minutes to Larnaca international Airport
- Subject to VAT
Paralimni is the largest town on the island’s east coast and has a lovely mix of both modern & old architecture. The word Paralimni means ‘by the lake’. Historically, the town was built on the shores of a shallow lake which is often dry during the summer months and fills with water and flocks of migrating flamingos during the winter. At its heart lies a shopping centre and small entertainment scene, including cafes, bars, restaurants, supermarkets & banks and is suitable for both permanent & holiday living. You are also only a 10 minute drive to a variety of beaches.