Corner plot for sale in Limassol City Center
Sold / EUR 580.000
A unique opportunity to acquire a corner plot in Limassol city center, 50 meters north of Makarios Avenue. The plot is in a highly sought after area by professionals for accommodation. Given the size of the land and the density , a developer could erect a 3 story apartment block 625 sq meters internal areas plus 125 sq meters covered balconies.
A proposed configuration is eight of two bedroom apartments. If they are fully furnished could be rent for €1200 per month, giving a potential income of 86,000 euros per year.
In the plot at the moment there is an old house, approximately 40 years old.
-Bulding Zone is Ka4
-Building Density 120%
-Cover Ratio: 50%
Title deed available on request.
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