Land Area: 7,663 sqm. There is a green area reduction of 1.141 sqm and a street widening of 55 sqm, leaving a net area for development of 6.467 sqm.

This falls into two planning zones: Eb4 (commercial at 140% density) – an area of 3.118 sqm, and,

Ka4 (residential at 120% density) – an area of 3.349 sqm.

Taking into account the geometrical characteristics of the plot, the owner granted by the planning authority a permit to build a 14th floor building, plus mechanical floor plus underground parking for a mixed commercial / residential development (7 levels commercial & 7 levels residential) of built area of around 9.000 sqm.

Having a pure office (whole building) is also possible.

The property is register under a LTD company, and has not a VAT.

 

Analysis of the planning density as follows:

 

Front commercial  part:       1,559 sqm X 140% =                2,182.6 sqm

Second zone commercial:   1,559 sqm X 120% =                 1,870.8 sqm

Net Residential part:            3,348 sqm X 120% =                4,017.6 sqm

Total density for Offices                                                          8,071 sqm

 

Plus 5% for use of renewable energy                                   403.55 sqm

Plus 10% for a united office use                                             807.1 sqm

Plus 20% as a large scale development                                1,614.2 sqm

(of over 5.000 sqm)

Total Achievable planning density                                         10,895.85 sqm

 

Features

  • Asphalt road access
  • Easy access to the highway
  • Land Title deeds
  • Near Amenities
  • Near College / University
  • Near Commercial Area
  • N​ear Hotel
  • Near Park
  • Near School
  • Near Sea
  • Near town centre
  • Opposite a green area
  • Recommended for Block of Apartments
  • Recommended for Commercial Use
  • Water & electricity available
  • Density: 140%
  • Zone: Κα4(78%) Εβ4(22%)