Property 5390 Sotira, Famagusta / L-104706
Sizeable Property With Potential For Development In Sotira, Famagusta
4
For Sale • Deal
6,500,000€
Estimated Mortgage
/month
48489
Plot m2
Overview
Property Description
This sizeable property consists of nine fields located in the Sotira Municipality in Famagusta. It is located c. 180m north of the Ayia Napa - Potamos Liopetriou road, 2km northwest of Agia Thekla beach and 2.5km northwest of the under construction Agia Napa marina. The asset has a total net area of 48,489sqm (51,990sqm TD area) and benefits from a flat even surface.
The asset has the potential to be covered by all utility services (water, electricity and telecommunication). The immediate area is comprising of clustered holiday home developments. The area has experienced increased activity levels driven from the construction of the Ayia Thekla Marina and Sun City Hotel. The asset mostly falls within touristic planning zone 2 with the following characteristics: Hotels building density coefficient of 40%, coverage coefficient of 20% over 3 floors and a maximum height of 13.1m.
Holiday village and villas building density coefficient of 35%, coverage coefficient of 20% over 2 floors and a maximum height of 8.3m. Houses building density coefficient of 20%, coverage coefficient of 20% over 2 floors and a maximum height of 8.3m. A small part of the asset falls within protected Z1 with 6% building density, 6% coverage, 2 floors and a maximum height of 8,3m.
Property Highlights
Unfurnished
Location
38.42 kms
162.42 kms
3.87 kms
3.88 kms
3.92 kms
4.03 kms
4.12 kms
4.27 kms
4.41 kms
4.64 kms
5.76 kms
6.20 kms
6.22 kms
6.59 kms
6.95 kms
7.72 kms
8.45 kms
8.49 kms
8.82 kms
9.21 kms
2.77 kms
3.20 kms
3.39 kms
6.65 kms
7.03 kms
7.12 kms
7.34 kms
3.92 kms
4.27 kms
4.57 kms
4.79 kms
7.66 kms
7.77 kms
9.44 kms
9.60 kms
9.66 kms
9.69 kms
Transfer Fees
Transfer Fees Individual
256,600 €
Transfer Fees Joint Names
253,200 €
Stamp Duty
12,908 €