Presenting an exceptional investment opportunity: two connected residential plots totaling 627 square meters, situated in the prestigious Agias Triadas district of Limassol Municipality. Positioned just 200 meters from the coastline and within walking distance to Molos Promenade, Limassol Marina, the Castle, and the vibrant commercial streets of Gladstonos and Anexartisias, this location offers unparalleled access to the city's most desirable amenities.
VAT 19% for Residential Land NOT included in the price. The plot with the listed building is excluded from VAT. In case of unification of the 2 plots, VAT maybe exempt.
Property Specifications
· Located in the heart of Limassol's Old Town
· Two plots of total area of 627 sq.m. The one plot is empty and the other one has a listed building with a license to restore it.
· Building density: 140% | Coverage ratio: 70%
· Building density: 800 sq.m. to build in the empty plot, including the energy efficiency density and the density transferred from the listed house.
· Due to the listed building, there are financial incentives, including rental income tax exemptions
· Total buildable area: up to 970 sq. meters including the sq.m. of the listed house of 120 sq.m.
· Includes a 120 sq. meter listed building eligible for significant government grants and financial incentives, including rental income tax exemptions
Notably, one of the plots includes a listed building, which opens up attractive possibilities for company tax optimisation and potential government incentives — a valuable advantage for investors seeking both strategic and financial benefits.
This distinguished property presents a rare opportunity to develop a premium residential project in one of Limassol’s most sought-after districts. The blend of strategic location, development capacity, and fiscal advantages makes it a compelling proposition for investors and developers focused on high-end residential construction.
Planning and building permits are available upon request. Additional architectural drawings and documentation can be provided upon inquiry.
This distinguished property presents a rare opportunity to develop a premium residential project in one of Limassol’s most sought-after districts. The blend of strategic location, development capacity, and fiscal advantages makes it a compelling proposition for investors and developers focused on high-end residential construction.