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Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)
Coverage: 0.45
Density: 0.8
Height: 13.5 meters
Allowed stories: 3
Development description: Local Plan Of Limassol (Τοπικο Σχεδιο Λεμεσου)
Commercial: 0.11 Km
Tourist: 2.7 Km
Industrial: 1.13 Km
Agricultural: 1.85 Km
Farm: 4.83 Km
Reference ID: details: €4,800,000A rare opportunity to acquire a permitted residential development site in a prime location of Germasogeia, Limassol.Property DetailsLocation: Germasogeia, Limassol (Ayia Paraskevi area)Total land area (after subdivision): 4,470 m²Title deed: Available Zone: Κα7 – ResidentialMax allowed height: 13.5 metersMax allowed floors: 3Coverage ratio: 45%Density ratio (building coefficient): 80%Approved Planning Permit Includes Construction of four (4) residential buildings Total approved built area (after +5% for renewables): 3,420 m² Basement parking, storage rooms, lift, pool Green areas and public spaces included All utility connections (water, sewage, electricity – underground) approved EAC substation plot secured within the developmentWhy this is an excellent investmentPlanning Permit ready – no delays, no uncertaintyWalking distance to amenities, schools, and commercial areasStrong rental & resale demand in GermasogeiaOption to increase floors beyond the standard (negotiable with municipality)All infrastructure costs already paid (water board, sewage, road works)
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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