Property 3101 Limassol / LIM-PAF-33447

Located in the highly sought-after Agios Georgios parish within Limassol Municipality, this property presents a rare opportunity for investors and developers alike. Ideally positioned in a vibrant and well-established area, it combines accessibility, visibility, and strong development potential. The asset concerns ½ share of a parcel corresponding to approximately 242 sq.m. of land, featuring an existing building constructed around 1966.

? Location Highlights Approximately 290m southeast of Agios Neophytos Church Approximately 450m northwest of Tsirio Elementary School Direct frontage on Despinas and Nikou Avenue (approx.

25m)

Excellent connectivity to:

• Limassol city center
• The motorway

Surrounded by key amenities including:

• Schools
• Supermarkets
• Banks
• Retail shops
• This is a high-demand residential and commercial area due to its central location and accessibility.
• Property Details
• Land share: ~242 sq.m.
• (½ share)
• Internal covered area: ~108 sq.m.
• Covered verandas: ~4 sq.m.
• Year built: circa 1966
• Energy Efficiency Rating: E
• Planning & Zoning
• Zone: Εβ4 (Commercial)
• Building Density: 140%
• Coverage Ratio: 50%
• Max Floors: 4
• Max Height: 14.30 meters
• Offers strong redevelopment potential for mixed-use or commercial projects.
• Investment Potential

Whether you're looking to renovate, redevelop, or hold as a long-term investment, this property stands out due to:

• Prime urban location
• High building coefficient
• Strong rental and resale demand in the area
• What does “½ share” mean?
• It means the property is co-owned, and this listing concerns the ownership of 50% of the parcel.
• 2.
• Can the property be redeveloped?
• Yes, the Εβ4 commercial zoning allows for significant development potential, subject to permits and planning approvals.
• 3.
• Is the building currently habitable?
• The building is older (1966) and may require renovation or redevelopment depending on intended use.
• 4.
• What types of developments are allowed?
• The commercial zoning typically allows shops, offices, and mixed-use residential/commercial developments.
• 5.
• How accessible is the location?
• Very accessible — close to main roads, the motorway, and central Limassol, making it ideal for both residential and business use.
• 6.
• Are there nearby amenities?
• Yes, the property is within close proximity to schools, shops, banks, and all essential services.