2,710m² Plot for Sale in Germasogeia – Tourist Area, Limassol District

Reference ID: #SA32331Price details: €15,500,000Big plot for sale in Germasogeia tourist area ,Limassol District.     The area of the site is considered elite and potential neighbors it is wealthy citizens of Limassol, has full access to the main road and all facilities (electricity, water, phone etc.) are ready for building.Gemasogeia Tourist area offers a quiet environment and is considered as one of the best areas in Limassol. This is a great investment opportunity.There is approved planning permission for mixed commercial development. There is a letter from the Tax Department that the transaction is exempt from VAT.The property falls within 2 planning zones:Planning zone:  Εβ [86%] Τ1β [14%] Building density:  80%Coverage ratio: 35%Maximum floors allowed: 3Maximum building height:13.5 mThe location of the land is ideal for luxury residential development, close to Lidl and Metro supermarkets, Cineplex cinema and has easy access to the highway.PLUS V.A.T