€ 1,500,000

Residential Land 6,730 m² with Potential for Subdivision into 5 Plots – Mesa Geitonia, Limassol

Residential land with a total area of 6,730 m² according to the Title Deed, with potential for subdivision into 5 separate building plots, according to a study done by the owner.

This is an excellent investment opportunity in a prestigious and particularly quiet area of Mesa Geitonia, north of the highway, within a growing residential environment surrounded by mainly modern and newly built homes.

The property is conveniently located, approximately 7 minutes’ drive from the highway, offering the advantage of a peaceful residential setting while maintaining easy access to Limassol city centre, major road networks, schools and other everyday amenities.

The property comprises a large residential land parcel with a separate Title Deed, registered as a “field”. It benefits from a registered asphalt road, while electricity and water supplies are available adjacent to the property.

The land falls within a residential zone with a 40% building density and 25% site coverage, offering considerable development potential either as a single residential development or through subdivision into individual building plots.

According to a study prepared by the owner, the land has the potential to be subdivided into 5 plots, creating an attractive opportunity for residential development and investment by a private investor or developer. The proposed subdivision would, of course, be subject to the required approvals from the relevant authorities.

The land is partly flat and partly sloping, a characteristic that can be effectively incorporated into the design of the development. Depending on the positioning of the development , there is potential for partial sea views from the upper floor.

It should also be noted that there is some road widening affecting the property, which should be taken into consideration when planning the development and proposed subdivision.

The property is considered particularly suitable for the development of modern houses, maisonettes or two-storey residential units, making it an interesting option both for private use and as an investment development.

Property Features:
Total area of 6,730 m² according to the Title Deed
Prestigious and quiet area of Mesa Geitonia
North of the highway
Approximately 7 minutes’ drive from the highway
Potential subdivision into 5 plots, according to the owner's study
Approximately 80 m frontage
Approximately 62 m depth
Building density: 40%
Site coverage: 25%
Separate Title Deed
Registered asphalt road
Electricity and water available adjacent to the property
Partly flat and partly sloping land
Potential for partial sea views from the upper floor
Road widening affecting part of the property
Mainly suitable for development of houses, maisonettes or two-storey residential units

VAT: There is a possibility that the sale may not be subject to VAT. This matter is currently under consideration and the final VAT treatment will be confirmed shortly by the owners after investigation by the authorities.