Prime Residential Development Opportunity – Katholiki, Limassol

Prime Residential Development Opportunity – Katholiki, Limassol

A prime residential development plot of 530 m² is available for sale in the highly sought-after area of Katholiki, Limassol.

The property is conveniently located close to a main road and within easy reach of all essential amenities, while offering excellent access to the highway and the wider Limassol area.

Importantly, a planning permit application has already been submitted for the development of a four-level residential building comprising 11 units, making this an attractive opportunity for developers seeking a project with the initial planning process already underway.

Property Details Property Code: 6-2038 Land Area: 530 m² Planning Zone: Ka3 Building Density: 140% Coverage: 50% Road Frontage: 22 metres Maximum Floors: 4 Proposed Development: 11 residential units Planning Permit: Application submitted VAT: No VAT Price: €1,100,000 Share Transfer: Available Transfer Fees: No transfer fees Development Potential

With a 140% building density, the plot provides approximately 742 m² of permitted gross buildable area, subject to the final approved plans and applicable planning regulations.

The proposed four-level development with 11 residential units offers an attractive opportunity to create a modern apartment project in a central and well-connected Limassol location.

Investment Opportunity

Katholiki is a well-established residential area with strong demand due to its proximity to the city centre, major roads, amenities and the highway.

The combination of high building density, no VAT, an existing planning permit application and the possibility of a share transfer without transfer fees makes this a particularly interesting opportunity for developers and investors.

A strong development opportunity in Katholiki, suitable for investors seeking to develop a residential apartment building in Limassol.