An exceptional redevelopment opportunity in the heart of Limassol’s vibrant town centre.
Situated on a 727 sqm plot, this centrally located property offers a buildable area of 1,163 sqm, making it an attractive investment opportunity for developers and investors seeking to create a contemporary residential project in one of Limassol’s most sought-after urban locations.
The property currently comprises an existing building, offering the flexibility to either modernize and upgrade the existing structure or explore its redevelopment potential, subject to the necessary planning permissions and approvals.
With its prime central location, the property benefits from convenient access to a wide range of amenities, including shops, restaurants, cafés, business centers, and essential services. Its location makes it particularly suitable for a residential development designed to meet the growing demand for quality urban living.
Whether envisioned as a modern apartment building or a redesigned residential concept, this property represents an excellent opportunity to unlock the potential of a well-positioned plot in the center of Limassol.
Frequently Asked Questions (FAQs)
1. Where is the property located?
The property is situated in the heart of Limassol town center, within close proximity to shops, restaurants, cafés, commercial establishments, and everyday amenities.
2. What is the total plot size?
The property occupies a total plot area of 727 sqm.
3. What is the available buildable area?
The property offers a buildable area of 1,163 sqm.
4. Is there an existing building on the plot?
Yes, there is currently an existing building on the property, which may offer potential for modernization or redevelopment.
5. Is the property suitable for redevelopment?
Yes. The plot presents an attractive opportunity for redevelopment into a contemporary residential building, subject to planning regulations and the relevant permits.
6. What type of development would be suitable?
The property is particularly suitable for a modern residential apartment development, catering to individuals, professionals, and investors looking for centrally located accommodation.
7. What makes this property an attractive investment?
Its central location, generous plot size, and substantial buildable area make it an appealing opportunity for developers seeking to create value through a new residential project in Limassol.
8. Are shops and amenities nearby?
Yes. The property enjoys a central urban setting, with a variety of shops, restaurants, cafés, business facilities, and other everyday amenities within easy reach.
9. Who would this property appeal to?
The property is ideal for property developers, real estate investors, and construction companies looking for a redevelopment opportunity in a prime Limassol location.
