Residential Land for Sale in Yermasoyia

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€6,250,000 EUR

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Ref 2178415 | Yermasoyia, Limassol | Residential Land

Currency services provided by PureFX 6,250,000 EUR  |  Approx.£5,381,875 GBP  |  Approx. US$6,688,750 USD
Germasogia, Yermasoyia, Limassol
  • Type: Residential Land
  • Location: Yermasoyia
  • Province: Limassol
  • Country: Cyprus
  • Bedrooms: 0
  • Bathrooms: 0

The plot comprises 15 adjacent land parcels, forming one large uniform piece of development land with a total area of 43.446 m². It is located in Germasogeia area.
The property has good accessibility to Limassol city centre, the sea and towards the highway.The land, as one property, falls within three different planning zones which are the following:Commercial zone Εβ6 with a maximum building density coefficient of 100% and a land coverage coefficient of 50% over 3 floors and 13.50 metres height.Residential zone Κα8 with a maximum building density coefficient of 60% and a land coverage coefficient of 35% over 2 floors and 10 metres height.Protection zone Δα2 with a maximum building density coefficient of 1% and a land coverage coefficient of 1% over 1 floor and 4 metres height.
The immediate area of the property consists of both commercial and residential developments with buildings consisting of shops, restaurants and showrooms on the ground floor with offices and apartments on the upper floors.
Based on the size of the unified land, its location and the fact that it falls within different planning zones, it is suitable for a large scale mixed use development including residential and commercial units.
The land also benefits from a protected zone, which under the concept master plan can be transformed into an integrated green area significantly increasing the attractiveness of the property.

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