Industrial Land Under Division for sale In Kato Polemidia, Limassol

The property is a share (26.91%) of an industrial field in Kato Polemidia. The property is located 250m from the highway, close to the City of Dreams Mediterranean Casino Resort and My Mall Limassol. The field abuts the Limassol - Trachoni main road on its southern border with a frontage of 165m.

The field has a total land area of 59,279sqm. The share corresponds to the under division plot no. 3 with an area of 15,951sqm. Upon the completion of all works, the plot will have a land area of 12,000sqm.

Building and planning permits for the division of land in individual plots have been approved. The construction works have started.

There is a signed distribution agreement.

The property is located within the Bα4–BE2 urban planning zone.

The Urban Zones Bα4–BE2 are designated as Mixed Zones for Category B Industrial Developments and Economic Activities. Economic Activities are defined as the operations of large, unified enterprises or groups of enterprises which, due to the scale of their operations, the type and size of the goods they produce or distribute, and/or other operational parameters, typically require a large plot area. In the case of such enterprises, the development of buildings will be permitted to accommodate their offices, as well as their production, exhibition, and storage spaces.

The field is ideal for the development of:
i. DIY stores
ii. production units of technologically advanced companies including offices
iii. car or mechanical equipment showrooms including offices
iv. logistic company facilities including offices

The area is served by all required utilities, i.e. water, electricity, and telephone. The wider area has been experiencing intense development in the recent years with investments in large-scale tourist and residential developments, as well as the creation of a golf course.