Skip to main content
262 SQM Plot
Zakaki, Limassol

€560,000  ($638,736)

Fox Smart Estate Agency Limassol

Fox Smart Estate Agency Limassol

Registered & Licensed Estate Agency - R.N. 488, L.N. 344/E

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.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $22,356

Average Bank Rate (€560,000)
1 USD = 0.8471 EUR
$661,091

Mid-market rate (€560,000)
1 USD = 0.8767 EUR
$638,736

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.

Key features

  • Listing ID: 8254711 (32881)
  • Plot: 262 sqm

Description

An exceptional opportunity to acquire a prime commercial plot in the highly sought-after Omonia area of Limassol — one of the city’s busiest and most strategically positioned business districts.

Key Planning Characteristics:

Building Density (Build Factor): 140%

Coverage: 50%

Maximum Height: 4 Floors

The plot currently includes an existing three-floor commercial building, offering immediate usability or redevelopment potential. Whether you choose to renovate, expand, or redevelop, the generous building coefficient allows for substantial commercial exploitation.

Location Advantages:

Omonia is a vibrant and well-established commercial hub, known for:

High daily traffic and strong business visibility

Excellent connectivity to the highway network

Easy access to Limassol’s main arterial roads

Close proximity to the port, city center, and key business districts

This central positioning makes the property ideal for:

Office headquarters

Mixed-use commercial development

Showrooms or retail spaces

Investment redevelopment projects

With its strategic location, strong development potential, and existing structure, this plot represents a rare investment opportunity in one of Limassol’s most dynamic commercial zones.

1. What does the 140% build factor mean?

A 140% building density allows a total buildable covered area equal to 1.4 times the plot size. For example, on a 1,000m² plot, up to 1,400m² of covered areas can be developed across all floors.

2. What does 50% coverage allow?

The 50% coverage permits construction covering up to half of the plot’s ground surface. The remaining area can be used for parking, access roads, landscaping, or open spaces.

3. Can the existing 3-floor building be extended?

Subject to planning approval, the property may allow further development up to the permitted 4 floors and within the maximum build density.

4. Is the plot suitable for mixed-use development?

Yes. The commercial zoning and strategic location make it suitable for offices, retail spaces, showrooms, or a mixed-use commercial project (subject to permits).

5. How accessible is the location?

The Omonia area offers direct and quick access to the highway, Limassol Port, and the main commercial roads of Limassol, ensuring excellent connectivity for businesses and clients.

6. Is this a good investment opportunity?

Given the high-demand commercial location, strong development coefficients, and existing structure, the plot presents excellent long-term capital appreciation and rental yield potential.

There is a 3 floor existing building on the plot.

vat maybe applicable.


For further details or to arrange a viewing, please get in touch.

For privacy reasons, the advertiser has not indicated the exact address.
Open map  

Buying expenses

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.

Transfer fees
If buying as an individual
€19,000 ($21,671)
If buying on joint names
€15,600 ($17,793)

Disclaimer - Property reference 8254711. 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.

958 properties SOLD in Zakaki and nearby areas! Get in touch with local agents who can sell your property fast at the best price!