Residential land 7700 m²
- Reference number: 11398
- Density: 100
- Coverage: 50
- Land type: Plot
- Plot area: 7700 m²
- Plot Type: Residential
- Postal code: 3047
- Planning zone: Kα5
- Online viewing: Yes
- Square meter price: €805 /m²
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Land is located only 300 meters from the Limassol City of Dreams Casino and 300m from the sea.
My Mall shopping mall and new golf court by car only takes 3 minutes, Limassol Marina 5 minutes drive, Beach 3 minutes drive,all the above makes the Land a prime location. This land can be used to build 64 high quality apartments of two bedrooms each since there is a high demand in the area .
Investors However, due to its outstanding location, our financial advisers have concluded that building luxury apartments will be a prestigious large-scale project with the highest return on investment.
•land Area 7,700 m2
•Building Factor 100%
•Cover Factor 50%
•Net land Area 5916 m2
•Maximum Covered area 6,455m2
Build options
•64 luxury in-suite seaview apartments
•Total: 8 Buildings
•Each building with 4 floors
•8 Apts each Building
•Each floor with 2 apartments
•Equipped with gym, swimming pool, parking and security entrance gates
•Residents can enjoy the seaview and city view
The calculations provided indicate
•16 penthouses, featuring roof gardens, can be sold for €500,000 each.
This revenue will cover the construction costs for the eight buildings, while the sales of the remaining 48 apartments will offset the land cost. The expected gross profit is as follows:
16 Apartments (First Floor): €280,000 each
16 Apartments (Second Floor): €320,000 each
16 Apartments (Third Floor): €360,000 each
Total Revenue from 48 Apartments: €15,360,000
NOTE: This figure accounts for the land cost of €6.2 million and is subject to a 12.5% tax.
DRIVING DISTANCE
International Airport 55 minutes
Marina 5 minutes
Golf course 3 minutes
Shopping mall 3 minutes
Beach 1 minutes
Hospital 8 minutes
School 4 minutes
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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