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#54847 · Land (Residential)

Paphos — Empa
€1,140,000
Contact about this property #54847

Key Facts

Type:Land (Residential)
Bedrooms:Studio
Floor:Ground floor
Energy class:G
Title deed:Whole share
VAT:No
Furnished:No

Areas

Plot Area:15,530 sqm
Build Coef.:60 %
Coverage coef.:35 %

Location & Proximity

bankpharmacybakeryparknurseryprimary schoolsecondary schoolsupermarketchildrens play areagymnastics centerChurch

Description

Plot title whole share area 15,530 sqrm, in the area of Empa Emba within Paphos (Pafos) district. The land characteristics are: within planning zone Ka 8, has a build coefficient of 60.000% with covered coefficient of 35.00%, maximum building permissible height 10.00 meters, and maximum number of floors 2. Τhe land area is 15,530 square meters. After getting relevant permits from the local authorities, you can build a building of total area 9,318 sqrm. The value of this investment comes to € 122 per square meter of covered area. Zone: Mainly residential area Walking distance from: bank, pharmacy, bakery, park. 5 minutes from: nursery, primary school, secondary school, supermarket, childrens play area, gymnastics center, Church. The type of road leading to the property is tarmac secondary road. The property has no VAT tax. This Plot has a Title Whole Share and so the new owner can utilise it as he pleases. Completion of sale with the transfer of the title deed at District Land Registry.

The Land
This substantial property comprises 15,530 square meters of valuable land, presenting an exceptional canvas for development. The generous expanse offers considerable scope for creative planning and implementation of a vision tailored to your specific requirements. Well positioned with direct access via a tarmac secondary road, the land benefits from practical connectivity while maintaining a sense of peaceful seclusion.

Zoning and Permitted Use
The property straddles two distinct zoning designations that create remarkable versatility for your investment strategy. Approximately 35 percent of the land falls within a residential zone classified as Ka8 with a building coefficient of 60 percent, while the remaining 65 percent is designated as commercial zone Eb. The development coefficients applicable to the adjacent planning zone apply across the property, enabling a sophisticated mixeduse approach that could encompass residential, retail, hospitality or professional services components.

Views and Setting
Nestled in a location that balances accessibility with tranquility, this land offers an inviting setting for future development. The surrounding environment provides the backdrop for creating something truly distinctive, whether your vision embraces modern residential apartments, contemporary commercial spaces, or an innovative combination of both. The landscape presents natural charm while proximity to established amenities ensures your project will benefit from existing infrastructure and community vibrancy.

Development Potential
The dual zoning classification opens remarkable possibilities for imaginative development. The substantial land area combined with favorable building coefficients permits the creation of a significant structure or multiple buildings configured according to market demands. Whether envisioning a residential community, a commercial enterprise, a boutique hotel, or an integrated mixeduse destination, the parameters in place provide the framework for ambitious development that responds to contemporary market opportunities.

The Location
Strategically positioned to capture the appeal of both residential and commercial markets, this land benefits from its accessible setting within Cypruss dynamic development landscape. The area offers the convenience of established services and amenities while maintaining character and charm. Proximity to key business districts, shopping areas, and transportation networks positions this property perfectly for investors seeking locations where residential living converges with commercial enterprise.

Legal Standing
The property will transfer complete ownership through the formal execution of the title deed at the District Land Registry, providing absolute legal certainty and secure ownership rights. This professional conveyancing process ensures transparency and compliance with all regulatory requirements, protecting your interests throughout the transaction and beyond.

Investment Appeal
This represents a compelling opportunity for discerning investors recognizing the value inherent in strategically zoned land with substantial development potential. The combination of residential and commercial zoning creates multiple pathways to value creation, whether through immediate development, mediumterm staged implementation, or longterm portfolio positioning. The generous land area, favorable building coefficients, and accessible location converge to create an asset with enduring investment merit in a market demonstrating consistent appreciation.

We warmly invite you to arrange a viewing of this remarkable opportunity at your earliest convenience.
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