Access Road
Property Description
PLOT AREA IS 7025 M2. ALSO:
IT OCCUPIES A SEA AREA APPROXIMATETLY 8000 M2 ENCLOSED BY CONCRETE STONE BREAKWATERS.FOR THE PARTICULAR CONSTRUCTION A LICENSE HAS BEEN GRANTED BY THE CYPRUS PORT AUTHORITY.THE LICENSE IS VALID SINCE 13.04.98 WITH A CURRENT ANNUAL RENT ABOUT 2000 EURO PER YEAR, WITH A FIVE YEARLY RENT REVIEWS.(LICENSE IS ISSUED ON A PRIVATE COMPANY CONTROLLED BY THE OWNERS OF THE LAND).
THERE HAVE BEEN ANNOUNCEMENTS BY COMPANIES LISTED IN THE " CYPRUS STOCK EXCHANGE " namely cyprus cement company (CCC) THAT THE AREA OF 1.282.000 M2 WILL BE TURNED TO A VAST TOURIST RESORT WITH DEVELOPMENTS OF HOTELS ,LUXURY VILLAS,GOLF ,MARINAS,ETC.
FURTHERMORE THE TOWN PLANNING DEPARTMENT OF THR CYPRUS GOVERNMENT HAS ANNOUNCED ITS POLICY ABOUT COASTAL LAND AREAS AT MONI AND SAID THAT IT IS IN THE INTENSION TO CHANGE THE EXISTING ZONES TO TOURIST ZONES WITH BUILDING DENSITY OF 30% SO THAT THE AREAS ARE DEVELOPED INTO INTERGRADED SPECIALIZED TOURIST AREAS OR TO MULTIPURPOSE RECREATION CHARACTERISTICS AS WELL AS ORGANIZED TOURIST /HOUSING DEVELOPMENTS.
THE DENSITY AND COVERAGE OF THIS ZONE WILL BE 30% AND 20% RESPECTIVELY.
THE PROPERTY MAYBE IS SUBJECT TO VAT
Sales Agent
Panos Panaoutas