An excellent investment opportunity to acquire a 528 m² residential plot in Agios Nektarios, Below Spyrou Kyprianou Avenue, one of Limassol's most desirable and established residential neighbourhoods, right in the heart of the city.
With a building density of 120% and allowance for up to three floors, the plot is ideally suited for the development of a residential apartment building, offering excellent potential for developers and investors seeking a prime central location with strong residential demand.
The plot currently accommodates a small, old house that requires demolition to make way for a new development. As the property is being sold with an existing house, the sale is offered without VAT, making it a particularly attractive investment opportunity by reducing the overall acquisition cost.
Property Highlights:
-Plot size: 528 m²
-Planning zone: Κα4
-Building density: 120%
-Building coverage: 50%
-Road Frontage 24m
-Maximum floors: 3
-Maximum height: 13.5 m
- Old existing house requiring demolition
-Not Subject to vat
-Ideal for residential apartment development
-Situated in a highly sought-after residential neighbourhood
Location Highlights:
-Prime location in Agios Nektarios, Limassol city centre
-Close to the beach and Limassol's seafront
-Easy access to the city's main commercial roads
-Close to public and private schools
-Surrounded by supermarkets, shops, restaurants, cafés and essential services
-Convenient access to business districts and everyday amenities
-Established residential area with strong appeal for apartment buyers and tenants
An exceptional opportunity for developers to invest in a prime residential plot in central Limassol, combining attractive development potential, a highly desirable location and the added financial advantage of a VAT-free acquisition.
Call us today to schedule a private viewing or for further information!
