Property 3101 Limassol / LIM-PAF-30521

For Sale Prime development land in Limassol’s commercial hub near the historical centre. Zoned EB3 & KA3. Top Cyprus real estate opportunity for investors. Walking distance to all amenities.

– Plot Size: 2,472 m² commercial land, zoned EB3 (44%) and KA3 (56%)

– Building Density:

• EB3: up to 160% density, 50% site coverage
• KA3: up to 140% density, 50% site coverage
• – Ideal for: large mixed-use commercial & residential development
• This offering is prime Limassol real estate—a rare commercial property opportunity on a bustling commercial avenue in Limassol’s Katholiki district.
• It offers excellent visibility, development flexibility, and proximity to Limassol’s historical centre, cultural landmarks, and retail corridors.
• Located within walking distance to Limassol’s Historical Centre, the plot delivers top-tier development appeal.

Zoning Breakdown:

• EB3 zone (44%): 160% density (≈ 3,955 m² buildable), 50% coverage
• KA3 zone (56%): 140% density (≈ 3,432 m² buildable), 50% coverage

Projected development:

• Zoning Coverage Density Max Buildable Area
• EB3 (44%) 50% 160% ~1,955 m²
• KA3 (56%) 50% 140% ~1,732 m²
• Total ~3,687 m²

Flexible design options:

• Mixed-use towers
• Ground-floor retail and offices
• Upper-floor apartments or serviced units
• Benefits of Investing in Central Limassol
• Walkability & Convenience
• Just steps from Limassol’s best promenades, cafés, retail stores, and historic sites for limassol walking distance amenities, limassol rental income properties, and seafront property limassol.
• Economic Drivers
• Limassol stands as Cyprus’s commercial capital: a booming financial hub, vibrant expat community, and Mediterranean tourism hotspot.
• Search terms like invest in Cyprus property, commercial property Cyprus, and real estate investment Cyprus thrive here.
• Regulatory Advantages
• EB3/KA3 zoning allows mixed-use developments with commercial flexibility.
• Landlord & Tenant Attraction
• Located near highways, public transport, and the sea—appealing for office tenants, retail operators, or hospitality developers.
• FAQ – PRIME COMMERCIAL LAND IN CENTRAL LIMASSOL
• Q1.
• Where is the land located?
• The plot is in Katholiki, a key Limassol commercial district—on a busy commercial avenue within walking distance of the historical centre.
• It’s within 5 minutes of Limassol Castle, Marina, and main pedestrian zones.
• Q2.
• What’s the zoning and density?
• Zoned EB3 (44%) with 160% build density and KA3 (56%) with 140% density.
• Coverage is allowed up to 50%—permitting approximately 3,687 m² total buildable space.
• Q3.
• What building height & floors are allowed?
• Initial development allows up to 5 floors (~20.5 m height), with potential for higher with special municipal approval.
• Q4.
• Can I mix commercial & residential?
• Yes.
• EB3 (commercial-heavy) and KA3 (residential/mixed) zoning supports ground-floor retail/office + upper-storey residences or serviced apartments.
• Q5.
• Is parking included?
• Parking must be built onsite.
• As coverage is 50%, you can allocate basement/underground parking to comply with municipal requirements.
• Q6.
• What’s the asking price?
• €4.6 million (≈ €1,861/m²).
• Marketed aggressively given its central location and zoning advantages.
• Other similar EB3/KA3 plots have transacted for higher prices in Katholiki.
• Q7.
• Is VAT applicable?
• VAT may apply.
• Ask us for the current rate (typically 19% in Cyprus for commercial land).
• Q8.
• Who handles technical and legal due diligence?
• We collaborate with SQUARE ARCHITECTS, HomeSurv, and CTA Law Firm to provide comprehensive inspection and title verification
• .
• FAQ – LIMASSOL HISTORICAL CENTRE & ITS BENEFITS
• Q1.
• What is Limassol’s historical centre?
• This district includes the Old Town, Limassol Castle, medieval walls, and pedestrian plazas—rich in culture, nightlife, and daily commerce.
• Q2.
• Why invest there?
• High tourism and rental demand.
• Premium foot traffic for commercial tenants .
• Strong historical appeal enhances development prestige.
• Q3.
• What amenities are nearby?
• Limassol Marina & seafront cafés
• Museums, restaurants, boutique retail
• Municipality, banks, pub