Land in Potamos Germasogeias, Limassol

Description

Prime Development Land in Potamos Germasogeias, Limassol. An exceptional investment opportunity in one of Limassol’s most sought-after locations, Potamos Germasogeias. This strategically positioned development plot offers strong residential or mixed-use development potential, with planning studies completed and plans ready for submission. Key Investment Highlights Net Plot Area: 3,904 m² Total Land Area: 5,176 m² Green Area: 1,272 m² Building Zone: T1β Total Sellable Area: Approximately 3,952–3,970 m² Asking Price: €4,200,000 Price per Sellable m²: Approx. €1,057–€1,062/m² Estimated Rental Value: €50/m² Development Potential The plot benefits from attractive planning parameters and development incentives: Net Development Area: 3,904 m² Building Density: 60% = 2,342 m² Planning Incentives: 20% = 468 m² Energy Efficiency Bonus: 5% = 117 m² Total Buildable Area: 2,927 m² Additional allowances: Covered Balconies (25%): 732 m² Common/General Building Areas (10%): 293 m² Total Estimated Sellable Area: 3,952–3,970 m² Opportunity Located in the heart of Potamos Germasogeias, one of Limassol’s highest-demand residential and investment districts, this plot presents an ideal opportunity for the development of premium apartments, serviced residences, or a boutique residential project. With planning preparations already completed and submission-ready, developers can significantly accelerate the project timeline and capitalize on strong market demand in the area. Price: €4,200,000Approximate Sellable Area Value: €1,060/m² A rare turnkey development opportunity in a prime coastal location with excellent prospects for both capital appreciation and rental returns.