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1,554 SQM Tourist Plot
Potamos Germasogeias, Limassol
Offers in the region of

€650,000  ($745,712)

VAT Applicable not included in the price
Bank Owned Property

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Average Bank Rate (€650,000)
1 USD = 0.8422 EUR
$771,812

Mid-market rate (€650,000)
1 USD = 0.8717 EUR
$745,712

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 (ΤΓ5)

Description: Tourist Zones With Regional Use The Offices (Τουριστικες Ζωνες Με Επικρατουσα Χρηση Τα Γραφεια)

Coverage: 0.5

Density: 1

Height: 13.5 meters

Allowed stories: 3

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


Nearby planning zones

Residential: 0.44 Km

Commercial: 0.66 Km

Industrial: 1.78 Km

Agricultural: 2.98 Km

Farm: 6.07 Km

Key features

  • Listing ID: 8705250 (altia2918)
  • Plot: 1554 sqm

Description

Strategic share of plot, ideal for residential or touristic development, situated in the prime coastal area of Potamos Germasogeias, Germasogia, Limassol.

Property Highlights:
\u2022 Total Plot Area: 1,554sq.m. (1\/4 share, approximately 388sq.m.)
\u2022 Frontage: Approximately 17m of road frontage on Mouson Street
\u2022 Shape & Terrain: Regular shape with relatively flat terrain, offering optimized building efficiency and easy accessibility.
\u2022 Infrastructure: Benefiting from direct access to registered asphalt roads, pedestrian connectivity, and close proximity to existing utility networks and urban infrastructure.

Investment Potential:
This well-positioned parcel represents an attractive opportunity for a boutique residential or touristic development in one of Limassol\u2019s most sought-after coastal areas. Its strategic location near the beachfront and surrounding high-end developments allows for flexible planning and strong long-term capital appreciation potential.

\u2022 Key Features \/ Why Invest:
o Development Ready: Flat topography and registered road access reduce preliminary development costs.
o Prime Coastal Area: Located within the highly desirable Potamos Germasogeias tourist district, an area with continuous demand for residential and holiday properties.
o Value Retention: Excellent location near Dasoudi Beach and the Limassol tourist area enhances resale and rental potential.

Location:
\u2022 Located within the coastal zone of Potamos Germasogeias,
\u2022 Approximately 300m north of Dasoudi Beach
\u2022 Approximately 270m northwest of the Limassol Olympic Swimming Pool.

The property is surrounded by established residential developments, tourist accommodations, and urban amenities, ensuring strong long-term value appreciation.

Planning Zone:
\u2022 Touristic Zone: \u03a4\u03935
\u2022 Permitted Uses: Hotels, tourist villas\/apartments, offices, and residential developments
\u2022 Building density: 100%
\u2022 Coverage: 50% (up to 3 floors, max height of 13.5m)

There is a Distribution Agreement in place.","locale":"en"}],"disclaimer":[{"value":["The property is owned by Themis Portfolio (S1) Management Holdings Limited.","The sale of the property, which comprises of a property share is subject to the right of first refusal granted to co-owners under section 25 of the Immovable Property (Tenure, Registration and Valuation) Law, Cap. 224.","The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).","The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.","Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.

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