Land Limassol, Cyprus
Cyprus, Limassol
€4,50M
Location
Description
Unlock the potential of this exceptional 1,159 sq.m. plot located in the vibrant commercial zone of Agia Triada, Limassol. With a generous building density of 160% and a coverage ratio of 70%, this land is perfectly positioned for a lucrative development project.
Key Features:
Town Planning Permits: Already approved for one main building featuring 29 residential flats (27 apartments distributed over three floors and 2 luxurious penthouse flats on the fourth floor), alongside 3 maisonettes on the ground floor at the rear.
Increased Building Coefficient: Recent adjustments have increased the building coefficient by 20%, allowing for an additional 360 sqm. This additional space provides flexibility—enlarge existing apartments or add up to 7 more flats on the fourth floor.
Current Status: In the process of securing a building permit based architectural plans and will subsequently apply for an amended permit incorporating the new building coefficient.
This prime piece of land offers a unique opportunity for developers looking to capitalize on the booming Limassol real estate market.
With its strategic location and pre-approved plans, you can move forward swiftly in creating a residential haven in one of Cyprus's most desirable areas. Don't miss out on this investment opportunity—contact us today for more details!
Posted at: 23/10/2024
Updated at: 23/10/2024
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Cyprus, Limassol
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