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3,904 SQM Tourist Plot
Potamos Germasogeias, Limassol

€4,200,000  ($4,852,412)

VAT Applicable not included in the price
FIRST CLASS HOMES

FIRST CLASS HOMES

Reg. No: 1256 | Lic. No: 258/E

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Compared currency flag Pay in USD and save up to $169,834

Average Bank Rate (€4,200,000)
1 USD = 0.8363 EUR
$5,022,246

Mid-market rate (€4,200,000)
1 USD = 0.8655 EUR
$4,852,412

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Planning Zone

Tourist (Τ1Β)

Description: Tourist Zones (Τουριστικες Ζωνες)

Coverage: 0.25

Density: 0.6

Height: 13.5 meters

Allowed stories: 3

Development description: Local Plan Of Limassol (Τοπικο Σχεδιο Λεμεσου)


Nearby planning zones

Residential: 0.49 Km

Commercial: 0.42 Km

Industrial: 1.97 Km

Agricultural: 1.6 Km

Farm: 4.64 Km

Key features

  • Listing ID: 8645853 (63557)
  • Plot: 3904 sqm
  • Road

Description

Prime Development Land in Potamos Germasogeias, Limassol.An exceptional investment opportunity in one of Limassol’s most sought-after locations, Potamos Germasogeias. This strategically positioned development plot offers strong residential or mixed-use development potential, with planning studies completed and plans ready for submission.Key Investment HighlightsNet Plot Area: 3,904 m²Total Land Area: 5,176 m²Green Area: 1,272 m²Building Zone: T1βTotal Sellable Area: Approximately 3,952–3,970 m²Asking Price: €4,200,000Price per Sellable m²: Approx. €1,057–€1,062/m²Estimated Rental Value: €50/m²Development PotentialThe plot benefits from attractive planning parameters and development incentives:Net Development Area: 3,904 m²Building Density: 60% = 2,342 m²Planning Incentives: 20% = 468 m²Energy Efficiency Bonus: 5% = 117 m²Total Buildable Area: 2,927 m²Additional allowances:Covered Balconies (25%): 732 m²Common/General Building Areas (10%): 293 m²Total Estimated Sellable Area: 3,952–3,970 m²OpportunityLocated in the heart of Potamos Germasogeias, one of Limassol’s highest-demand residential and investment districts, this plot presents an ideal opportunity for the development of premium apartments, serviced residences, or a boutique residential project. With planning preparations already completed and submission-ready, developers can significantly accelerate the project timeline and capitalize on strong market demand in the area.Price: €4,200,000Approximate Sellable Area Value: €1,060/m²A rare turnkey development opportunity in a prime coastal location with excellent prospects for both capital appreciation and rental returns.

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