Residential land 1359 m²
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A 1,359 square meter residential plot is available for sale in the vicinity of the Limassol Marina, offering a prime opportunity for development in one of Limassol's most prestigious areas.
Key Features:
Plot Size: 1,359 m²
Building Density: 160%
Coverage Ratio: 50%
Maximum Building Height: 20.5 meters
Development Potential:
With a building density of 160%, the plot allows for a total buildable area of approximately 2,174 m² (1,359 m² × 1.60). The coverage ratio of 50% permits a footprint of about 680 m² (1,359 m² × 0.50) per floor. The maximum height of 20.5 meters typically accommodates up to 6 floors, depending on architectural design and municipal regulations.
Potential Development Scenarios:
Residential Complex: Development of luxury apartments or condominiums targeting high-net-worth individuals seeking proximity to the marina and city center.
Mixed-Use Development: Combining residential units with commercial spaces such as boutiques, cafes, or offices on the lower floors to capitalize on the area's vibrant atmosphere.
Boutique Hotel: Establishing an upscale hotel catering to tourists and business travelers, leveraging the marina's appeal and accessibility.
Location Benefits:
Proximity to Limassol Marina: A short walk to the marina, offering dining, shopping, and recreational facilities.
Access to Amenities: Close to schools, healthcare facilities, and retail outlets.
Transportation Links: Easy access to major roads and public transportation, facilitating connectivity to other parts of the city and beyond.
Investment Considerations:
High Demand: The Limassol Marina area is renowned for its luxury lifestyle, attracting both local and international investors.
Appreciation Potential: Properties in this area have shown consistent value appreciation due to limited availability and high demand.
Rental Yield: Strong potential for rental income from both short-term and long-term tenants, given the area's desirability.
Conclusion:
This 1,359 m² plot near Limassol Marina presents a significant development opportunity, offering flexibility for various high-end projects. Its strategic location, combined with favorable building parameters, makes it an attractive investment for developers aiming to capitalize on Limassol's thriving real estate market.
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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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: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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