Prime Residential Plot For Sale – 380 M² In Limassol Historic Center (380 Sq.m) 380m²

Prime Residential Plot for Sale – 380 m² in Limassol Historic Center Property Overview Location: Limassol, Historical Center, Cyprus Plot Area: 380 m² Land Type: Residential Planning Zone: Πα6 Building Density: 180% Coverage Ratio: 70% Maximum Number of Floors: 3 Maximum Building Height: 12 meters Buildable Area: 684 m² Number of Units Approved: 15 (6 one-bedroom apartments & 9 studios) Share: No (individually owned) VAT & Transfer Fees: Not applicable (held under a company) Exceptional Location & Investment Potential This prime residential plot is located in Limassol’s Historic Center, a high-demand area for real estate investment. Positioned just 200 meters from the sea, the Molos Promenade, and within walking distance to Limassol Marina (2 km), this property offers unmatched access to the city’s most vibrant and prestigious locations. 200m to Molos Promenade, Limassol’s famous coastal walkway lined with parks, cafes, and cultural venues. 2km to Limassol Marina, an elite waterfront development with luxury residences, fine dining, and high-end shopping. Nearby amenities include boutique hotels, restaurants, banks, cultural landmarks, and public transport options. Close to business hubs, universities, and private schools, making it attractive for long-term rentals and corporate housing. Development Potential & Investment Highlights The submitted planning application proposes a modern residential building comprising 15 high-demand units: 6 one-bedroom apartments 9 studio apartments This layout is designed to maximize rental income potential, targeting professionals, expatriates, and tourists. High Rental Demand: The location attracts tourists, business professionals, and students, ensuring strong occupancy rates and premium rental yields. Capital Appreciation: Limassol’s historical center continues to see significant investment, driving land and property values upward. Ideal for Short-Term Rentals (Airbnb): The proximity to key attractions, the seafront, and Limassol Marina makes it a perfect short-let investment. Tax Benefits: As the property is held under a company, buyers avoid VAT and transfer fees, increasing profitability. Flexible Investment Strategy: Option to develop and sell individual units or retain for long-term rental income. Conclusion This exclusive 380 m² plot in Limassol’s Historic Center is a rare opportunity for investors looking to develop a high-yield residential project in a prime seafront location. With a planning application already in place for 15 units, strong rental demand, and zero VAT or transfer fees, this investment offers exceptional value and long-term growth potential. For more information, investment consultation, or site visits, contact us today!