1,273m² Residential Plot for Sale in Germasogeia, Limassol District

Reference ID: #SA32928
Price details: €1,300,000

This field, located in Germasogeia, encompasses an area of 1,273 square meters and falls under the category of “ΧΩΡΑΦΙ” (field). Positioned in Zone Κα6, it is designated for residential use, with a prevailing emphasis on housing in the surrounding areas.
Noteworthy details include a generous building allowance, with a permitted construction of up to 90% of the total area. The land allows for a building coverage of 50%, and the structure can rise to a maximum of 3 floors. It’s important to highlight that there is no Value Added Tax (VAT) associated with this property.
Furthermore, the existing structure on the premises is described as an old house that requires demolition. This offers an opportunity for prospective buyers or developers to envision and construct a new residential project in line with the specified zoning regulations.