PLOT VIABILITY – REDEVELOPMENT PARAMETERS
- The portfolio is situated in a unique small pocket of land density zone that permits 60% covered building density of the plot size; the zone is unique in so much as the surrounding land zones are only 10% and 15% building density.
- No where in the West Coast of Cyprus can you be so close to the sea with this 60% density; this means that large luxurious properties in close proximity to the sea can be designed and built without the need to purchase excessively large agricultural plots, which have inherent maintenance and landscaping costs and difficulties.
- Electricity is available and on site.
- Water is available and on site.
- All plots are adjacent to and accessible via existing public highway (asphalted) with curb-stones marked and in place.
- Properties can be built 8.3m high to a maximum of 2 storeys; the 8.3m height is from the highest natural ground height on the plot, therefore plots with an inclination can have open sided basements and technically a third level; this level may come within the 60% coverage or be classed as “storage / basement” and be additional to the 60%, therefore increasing the internal area greatly – architectural advice and town planning pre-consultation may be required regarding such discretionary design matters.
- Extensive construction and development advice and or services can be provided by Olive Properties
Please see the individual listings of some of the plots: OP576 , OP577 , OP578