Commercial for sale
Germasogeia, Limassol, Cyprus
£1,760,563 *
[€2,050,000]
Full Description
Location
Excellent Location, in the best area of Limassol, next to Kalogiri, Potamos Germasogias, close to beach, hotels, restaurants, bars and supermarkets.
Enjoys spectacular views across the city and towards the sea. Ideally positioned next to protected nature reserve and greenery.
Plot
Plot area 3.010 m2, with building coefficient 90%.
Planning & Building Permit
Has Planning and Building permit to build 21 no 1-4 bedroom apartments in two hotel like blocks of total area 2.615 m2. Alternatively it can build 24 one and two bedroom apartments.
Description of Project Design
Excellent Design with hotel like lobbies, fully fitted gym, sauna and changing rooms, beautiful exteriors.
The top floor apartments have access to superb roof terraces with spectacular views overlooking the sea and the surrounding hills.
Price
The plot is offered with its planning and building permits at the price of €2.050.000.
Cooperation
Alternatively it can be offered for cooperation with potential investors as a Joint Venture operation. Estimated Construction Cost €2.200.000. Estimated Gross Sales Value €6.000.000.
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