#11581
For Sale, Land for Sale in Germasogeia, Limassol
4,500,000€
#11581
For Sale, Land for Sale in Germasogeia, Limassol
4,500,000€
3,036m²
60%
25%
3,036m²
60%
25%
Investment Opportunity in a touristic building/land, Germasogeia tourist area
Touristic building that can be exploited both in its existing use with an additional extension or to be demolished and construct a hotel or residential accommodation.Plot size 3.036 sq.m., falling within touristic zone Τ1β, 3 floors of construction allowed, 13.5m height, 60% building density and 25% coverage.
Current status: Hotel - Apartment in the prime tourist area of Pot. Germasogeia, offering a unique investment opportunity. This property features a total covered area of approximately 1,245 m², including:
Ground Floor (415 m²): A 1-bedroom apartment and essential hotel facilities (reception, office, lobby, etc.)
First & Second Floors (415 m² each): 22 studios, each around 32 m².
Built in 1990 and licensed for 23 tourist apartments, property currently operates as a small urban hotel. With an additional 900 m² of available density, you have the flexibility to expand or redevelop the property into a new hotel or residential units.
Property Info
11581
4,500,000€
Limassol
Details
Land Type:
Plot
Town Planning Zone:
Tourist
Cover Factor:
25%
Building Density:
60%
Height:
13.50m
Ideal For:
Developers
Areas
Plot Area:
3,036m²
Main Features
Sea View:
Mountain View:
Building Permit:
Mortgage Calculator
Amount Financed:
Mortgage Payments:
Annual cost of Loan:
Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.