For Sale: Residential land, Panthea, Limassol, Cyprus FC-64648

Half Plot for Sale in Panthea, Limassol.

An excellent opportunity to acquire a half plot in the prestigious residential area of Panthea, Limassol. With a land area of 175 sq.m., this property is ideal for the development of a modern family home in one of the city's most sought-after locations.

The plot falls within a Residential Planning Zone with a building density of 80% and a coverage ratio of 45%.

In addition, the property benefits from an extra 10% building density, as the plot was acquired in 1979, as well as an additional 5% building coefficient for achieving Energy Efficiency Class A, subject to the applicable planning regulations.

A significant advantage is that no VAT is applicable on the purchase price.

The owner also holds a signed legal declaration from the co-owner of the remaining half of the plot, confirming their obligation to provide all necessary signatures for any lawful procedures relating to the development of the property, offering added security and peace of mind for future construction.

This is a rare investment opportunity in a prime Limassol location, close to schools, amenities, and with easy access to the city centre and motorway.