1359m² Land for sale in Limassol, Cyprus by Bezino Trading Ltd No. 83391

Property description

A 1,359 square meter residential plot is available for sale in the vicinity of the Limassol Marina, offering a prime opportunity for development in one of Limassol's most prestigious areas.

Key Features:

Plot Size: 1,359 m2

Building Density: 160%

Coverage Ratio: 50%

Maximum Building Height: 20.5 meters

Development Potential:

With a building density of 160%, the plot allows for a total buildable area of approximately 2,174 m2 (1,359 m2 × 1.

60). The coverage ratio of 50% permits a footprint of about 680 m2 (1,359 m2 × 0.50) per floor. The maximum height of 20.5 meters typically accommodates up to 6 floors, depending on architectural design and municipal regulations.

Potential Development Scenarios:

Residential Complex: Development of luxury apartments or condominiums targeting high-net-worth individuals seeking proximity to the marina and city center.

Mixed-Use Development: Combining residential units with commercial spaces such as boutiques, cafes, or offices on the lower floors to capitalize on the area's vibrant atmosphere.

Boutique Hotel: Establishing an upscale hotel catering to tourists and business travelers, leveraging the marina's appeal and accessibility.

Location Benefits:

Proximity to Limassol Marina: A short walk to the marina, offering dining, shopping, and recreational facilities.

Access to Amenities: Close to schools, healthcare facilities, and retail outlets.

Transportation Links: Easy access to major roads and public transportation, facilitating connectivity to other parts of the city and beyond.

Investment Considerations:

High Demand: The Limassol Marina area is renowned for its luxury lifestyle, attracting both local and international investors.

Appreciation Potential: Properties in this area have shown consistent value appreciation due to limited availability and high demand.

Rental Yield: Strong potential for rental income from both short-term and long-term tenants, given the area's desirability.

Conclusion:

This 1,359 m2 plot near Limassol Marina presents a significant development opportunity, offering flexibility for various high-end projects. Its strategic location, combined with favorable building parameters, makes it an attractive investment for developers aiming to capitalize on Limassol's thriving real estate market.

Reference number: 11594
Land type: Plot
Plot area: 1359 m2
Plot Type: Residential
Square meter price: €6.954 /m2:

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Parameters	Limassol
Rent Per Month
Apartment (1 bedroom) in City Centre	$ 1 480.76
Apartment (1 bedroom) Outside of Centre	$ 1 155.92
Apartment (3 bedrooms) in City Centre	$ 2 568.32
Apartment (3 bedrooms) Outside of Centre	$ 1 984.85
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	$ 5 207.54
Price per Square Meter to Buy Apartment Outside of Centre	$ 4 512.60

Parameters	Limassol
Crime Index	39.11
Cost of Living and Rent Index	48.23
Purchasing Power Index	104.09
Property Price to Income Ratio	9.64
Safety Index	60.89
Traffic CO₂ Index	3692.24
Traffic Inefficiency Index	100.97
Rent Index	35.01
Health Care Index	50.86
Groceries Index	53.93
Pollution Index	59.72
Traffic Commute Time Index	21.38
Restaurant Price Index	66.81
Climate Index	95.74
Cost of Living Index	58.77
Quality of Life Index	158.32
Traffic Index	96.82

Parameters	Limassol
Restaurants
Meal, Inexpensive Restaurant	$ 21.66
Meal for 2 People, Mid-range Restaurant, Three-course	$ 83.93
McMeal at McDonalds (or Equivalent Combo Meal)	$ 8.66
Domestic Beer (0.5 liter draught)	$ 4.33
Imported Beer (0.33 liter bottle)	$ 5.42
Coke/Pepsi (0.33 liter bottle)	$ 2.27
Water (0.33 liter bottle)	$ 1.06
Cappuccino (regular)	$ 4.19
Markets
Milk (regular), (1 liter)	$ 1.82
Loaf of Fresh White Bread (500g)	$ 2.11
Eggs (regular) (12)	$ 3.95
Local Cheese (1kg)	$ 12.26
Water (1.5 liter bottle)	$ 1.14
Bottle of Wine (Mid-Range)	$ 8.66
Domestic Beer (0.5 liter bottle)	$ 1.74
Imported Beer (0.33 liter bottle)	$ 2.88
Cigarettes 20 Pack (Marlboro)	$ 5.71
Apples (1kg)	$ 3.08
Chicken Fillets (1kg)	$ 8.95
Oranges (1kg)	$ 2.53
Potato (1kg)	$ 1.59
Lettuce (1 head)	$ 1.32
Rice (white), (1kg)	$ 3.02
Tomato (1kg)	$ 3.30
Banana (1kg)	$ 2.19
Onion (1kg)	$ 1.55
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	$ 13.73
Transportation
One-way Ticket (Local Transport)	$ 2.17
Monthly Pass (Regular Price)	$ 43.32
Gasoline (1 liter)	$ 1.53
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	$ 25 992.59
Taxi Start (Normal Tariff)	$ 7.58
Taxi 1km (Normal Tariff)	$ 2.08
Taxi 1hour Waiting (Normal Tariff)	$ 32.49
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	$ 28 570.19
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	$ 218.16
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	$ 33.11
	$ 22.12
Salaries And Financing
Average Monthly Net Salary (After Tax)	$ 2 521.61
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.32
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	$ 79.16
Tennis Court Rent (1 Hour on Weekend)	$ 30.18
Cinema, International Release, 1 Seat	$ 10.83
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	$ 92.90
1 Summer Dress in a Chain Store (Zara, H&M, ...)	$ 56.89
1 Pair of Nike Running Shoes (Mid-Range)	$ 105.59
1 Pair of Men Leather Business Shoes	$ 136.04
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	$ 547.72
International Primary School, Yearly for 1 Child	$ 9 114.07

1359m² Land in Limassol, Cyprus No. 83391

Property description