For Sale Residential Plot in Geroskipou- Paphos

This prime Residential Plot, situated in the vibrant area of Geroskipou, falls within Zone Κα9, presenting an exciting opportunity for prospective buyers. With a substantial affected percentage of 100, the plot boasts a generous Building Density of 40% and a Building Coverage of 25%. The permissible construction includes up to 2 floors, reaching a maximum height of 10 meters.

Property Details :

Plot Size: 5,017 m2
Affected Area :100%
here
Coverage :25%
here
here Meters
Planning Zone :
Ka9

Remarkably, the owner is offering the plot for sale for €200,000 to any discerning buyer who agrees to embark on a visionary development plan.
The owners are also offering an antiparochi proposal, which involves constructing four modern 2-bedroom townhouses on a portion of the plot for the owner’s family.
The remaining area will be left open, providing the buyer with ample opportunity for creative and flexible development according to their preferences.

This unique arrangement not only unlocks the potential for a profitable residential project but also allows for innovative and diverse land utilization. Seize this opportunity to shape a harmonious blend of modern living spaces, combining thoughtful design with the freedom to explore the plot’s untapped potential.

POTENTIAL DEVELOPMENT OPTIONS

OPTION 1
14 x APARTMENTS / 4 x TOWNHOUSES FOR THE SELLER

Total Floor Area for 4 Townhouses = 4×200m2 = 800m2

1-bedroom: 6 - 60m2

2-bedroom: 5- 90m2

3-bedroom: 3 - 120m2

OPTION 2
10 x TOWNHOUSES / 4 x TOWNHOUSES FOR THE SELLER

Assumed Footprint per Townhouse (2 floors): 200 m²

OPTION 3
5 x VILLAS / 4 x TOWNHOUSES FOR THE SELLER

Assuming an average villa has a footprint of 150 m² per floor (total 300 m² for 2 floors