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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.
