Location of Property: The subject property lies within Neapoli quarter of Limassol Municipal boundaries. In particular it is on Spyridonos Lambrou Street at a short distance south of Griva Digeni Avenue. It has good access onto Griva Digeni and Arch. Makariou Avenues. The vicinity to the property mainly consists of residential blocks of flats, shops, restaurants and houses. The demand for vacant building plots is very high. The various developers of Limassol are highly after this area with the aim of developing residential blocks.

1.4 Planning Requirements: The plot is within the planning zone Kα3, and the planning particulars are as follows:

Maximum Building Density: 140%

Maximum building coverage: 50%

Maximum no. of Floors: 4

Maximum Height: 17,00 m.

Planning zone main characteristic: Residential Zone

The property is governed by the Regulations of ‘The Limassol Local Plan’