Residential development plot in the heart of Agia Zoni, Limassol

Prime development opportunity in the heart of Agia Zoni, one of Limassol’s most established and sought-after central districts.

The property consists of a 795 m² residential plot with an existing detached two-storey building and ancillary structures. The building was originally constructed in 1958 and previously operated as a medical clinic. The property has remained vacant for approximately six years and is not currently in use.

Located in the heart of Agia Zoni, one of Limassol’s most established and sought-after central districts, the plot enjoys a prime location with easy access to the city centre, commercial areas, educational institutions, and all essential amenities.

Property details:

✔ Plot area: 795 m²

✔ Planning Zone: Ka3

✔ Building density: 140%

✔ Coverage ratio: 50%

✔ Maximum floors: 4

✔ Maximum height: 17 m

✔ Regular-shaped plot

✔ Road frontage

✔ No level difference from the road

✔ Existing detached two-storey building

Development Potential

The property falls within the provisions of the Limassol Centre Local Plan 2022, with residential use as the dominant permitted development.

Additional planning incentives and discretionary measures may apply, allowing the building density to increase up to 200%, subject to the applicable regulations and approvals.

Legal status:

✔ Free from encumbrances and restrictions

✔ Available for immediate transfer

✔ Existing building is not a listed building

✔ Clear redevelopment potential

Ideal for:

✔ Residential apartment development

✔ Boutique residential project

✔ Mixed-use redevelopment (subject to planning approval)

✔ Long-term investment in central Limassol

Price:

✔ €2,300,000 (No VAT)

An excellent opportunity to acquire a centrally located development plot with strong redevelopment potential in one of Limassol’s most desirable urban locations.