Touristic and Residential Field, Pegeia

The asset is a field in Pegeia, Paphos. It is located close to Pegeia stadium, only 1,2km of the centre of the village. The asset totals 10.368sqm, has an irregular shape with the majority of the land area having a smooth sloping surface and small area having a relatively steep sloping surface. It benefits from c. 24m road frontage along a public registered road and enjoys a distant sea view. The immediate area comprises of undeveloped parcels of land as well as residential developments. The asset has the potential to be covered by all utility services (water, electricity and telecommunication). The asset falls within two planning zones: 8.916sqm fall into holiday housing planning zone Π1 with 15% building density, 15% coverage, 2 floors and a maximum height of 8.3m and 1.452sqm fall into protected planning zone Z3 with 1% building density, 1% coverage, 1 floor and a maximum height of 5m.