You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.
Pay in USD and save up to $19,361Description: Core And Continuous Structure Areas (Περιοχες Πυρηνων Και Συνεχους Δομησης)
Coverage: 0.7
Density: 1.6
Height: 13.5 meters
Allowed stories: 3
Development description: Local Plan Of The Central Area Of Limassol (Σχεδιο Περιοχης Κεντρου Λεμεσου)
Residential: 0.12 Km
Commercial: 0.26 Km
Tourist: 2.16 Km
Industrial: 2.47 Km
Agricultural: 5.3 Km
Farm: 8.98 Km
Rare development opportunity in the heart of Limassol Old Town, just 50 meters from the beach, Molos promenade, and the tourist area. The property is located only meters away from Agiou Andreou and Anexartisias streets, placing it in one of the most vibrant and high-demand areas of the city.
The property consists of 136 sq.m. of development land with 70% coverage and 160% building density, allowing the construction of approximately 220 sq.m. of covered areas across up to 3 floors.
This makes it an excellent opportunity for investors or developers looking to benefit from the strong demand and continuous property value appreciation in the Old Town area.
The property currently includes a ground floor 2-bedroom house with a bathroom, kitchen, and backyard, which is generating a small rental income.
The development potential allows for various options, such as:
- Build-to-hold investment with strong rental demand
- Boutique apartments or holiday rentals
- Redevelopment and resale project
Properties in this prime coastal Old Town location are extremely limited, making this a unique opportunity to secure land in one of Limassol’s most desirable neighborhoods.
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.
Disclaimer - Property reference 8374174. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.
