€415,000 $463,321
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Pay in USD and save up to $16,216Key features
- Listing ID: 1501652 (1473)
- Plot: 892 sqm
Description
This residential field is situated in the growing area of Ypsonas, Limassol, offering a plot area of 892m². It falls within the Kα6 planning zone, featuring a building density of 90%, a coverage ratio of 50%, and permits construction up to 3 floors with a maximum height of 13.5 meters.
The plot benefits from two roads passing in front of its facades (approximately 25m on each side), providing excellent accessibility and development potential.
The property is a 10 minute drive from the City Of Dreams resort and the Mall of Limassol. It is situated in a very quiet neighborhood and has an easy access to the highway.
On the plot, there is a 3-bedroom house with a covered area of 120m2. Originally built in 1983, the house was fully renovated in 2021, offering modern amenities while maintaining its original charm. The property is currently rented and provides an immediate rental income of €1,500 per month, with the lease in place until March 2025.
Plot area: 892m2
Zone: Kα6
Building Density: 90%
Cover: 50%
Floors: 3
Height: 13.5m
This investment opportunity provides both immediate rental income and future development potential in one of Limassol's most desirable locations.
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Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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