For Sale Touristic land in Germasogeia, Limassol, Cyprus

  • € 3,700,000
  • Listing #: 1374
  • Parcel For Sale
  • Land Size 7,280 Sq. m.
  • Building Factor 72%

Summary

For Sale Touristic Parcel-Land in Germasogeia (Yermasoyia), Limassol, Cyprus

Description

A great investment opportunity now being listed with Foytina Real Estate Agency. A touristic piece of land enjoying sea view, with development rights ideal for residential or even touristic buildings and complexes has come to the Market for selling purposes. The land, which sits in the administrative area of Germasogeia (Yermasoyia) municipality, within the wider cosmopolitan region of Limassol, is nearby the high-way road but has a setback of around 550 m from the seashore where organised beached are found, thus allowing the walking distance factor to be facilitated and give to the land an added value.

The land as a whole is sized about 7280 square meters and adjoins a public registered road on its west end, thus having its allocated planning rights being enabled. Enjoying a slight slop with the North end of it being higher from its South end by averagely 3 meters, allows for an architectural synthesis which shall provide to all units view and particularly sea view. The allocated planning zone for residential purposes is currently 60% with views to raise to 80% or even higher in the immediate future. However, as things stand now, the land can be developed under the regime of a unified development and gain total building factor of 72% (if full incentives of the planning department are facilitated) instead of 60% which is the current one.

A quick calculation shows that the property can yield after the public network and the public park (green area) allocation, a net area of plot sized about 5.425 sq meters and built area of around 3.900 real primary indoor covered square meters (covered verandahs/balconies, store-rooms, secondary rooms etc are extra areas to the primary covered area).

Should you have more interest on this property, please contact us on info@foytina.com

Land size= 7.280 sqm, Building Factor = 60/72%, More details on www.foytina.com, listing No = 1374

Accommodation, Facilities, Utilities

  • Reference #: AF1878
  • Listing status: Active
  • Listing type: Parcel
  • Orientation: S
  • Land Size: 7,280 Sq. m.
  • Building Factor: 72%
  • Available from: 22-Jun-2017
  • Price status: Not negotiable

Features

  • Mountains View
  • Road: Cul De Sac
  • Sea View
  • Sunrise View
  • Title Deeds of Land
  • Unobstructed View
  • Village/Town View
Keywords: for sale, touristic land, touristic parcel, germasogeia, limassol, cyprus, investment opportunity, development in cyprus, high building factor
Nearest Airport Larnaca International Airport 62 km
Nearest Bank Coop 4 Minutes
Nearest Beach Limassol Beach 550 Meters
Nearest Bus Stop Bus Stop 500 Meters
Nearest Church 3 Minutes
Nearest Golf Course Vikla Golf and Country Club 26 km
Nearest Port/Marina St. Raphael Marina 5 Meters
Nearest School Regional School 3 Minutes
Nearest Supermarket Local Store 3 Minutes

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  • Name: Kyriakos Foutas
  • Speaks: English, Greek
  • Company name: Foytina Real Estate Agency
  • Phone #1: (00357) 99325635
  • Phone #2: (00357) 25222677
  • Average visitors rating:
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