Prime Development Plot with Approved Permit – Neapolis, Limassol

About this property

This land parcel An exceptional ready-to-develop investment opportunity in the highly sought-after area of Neapolis, Limassol, offering a rare combination of prime location, strong development potential and an approved construction permit for a modern residential project. The property comprises a 521 m² plot ideally positioned in one of Limassol's most established and desirable residential areas. It is surrounded by shops, pharmacies, business centres and other amenities, while a public park is located directly opposite the property. The Mediterranean Sea is approximately 330 metres away. The plot currently includes an existing older villa, providing the option to retain and renovate the existing structure or proceed with the approved redevelopment. Property & Development Details Plot size: 521 m² Building density: 140% Coverage: 50% Maximum height: 17 metres Development: 4-storey residential building Approved construction permit 8 two-bedroom apartments Apartment size: approximately 87.8 m² each Covered verandas: approximately 18.3–21 m² per apartment Communal rooftop swimming pool Parking spaces for each apartment Storage rooms for each apartment Existing villa on the plot Prime Neapolis Location The property is situated in the heart of Neapolis, one of Limassol's most established residential and investment locations. Its strategic position provides immediate access to a wide range of amenities, including shops, pharmacies, business centres, restaurants and services, while the park directly opposite adds an attractive green outlook. The seafront is only approximately 330 metres away, making the location particularly appealing for both owner-occupiers and the rental market. Investment Opportunity The combination of a large 521 m² plot, 140% building density and an approved permit for eight apartments significantly reduces the time and uncertainty normally associated with the development process. With very limited availability of development land in Neapolis, this property represents an attractive opportunity for and investors seeking a ready-to-proceed residential project in central Limassol. A rare opportunity to acquire a permitted residential development in one of Limassol's most established coastal neighbourhoods, with strong potential for both capital appreciation and rental demand

Features

• Near Schools
• Near Amenities
• Near Bus Route
• Easy Access to Main Roads
• Easy Access to Highway
• Walking Distance to Beach
• Near Green Area

Location

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