The asset is a plot in Potamos Germasogeias close proximity to Limassol city center and other main destinations. The plot totals 680 sqm and the immediate area compromises of commercial and residential developments. The plot falls with 80% building density.
Germasogeia is a suburb of Limassol and has been an independent municipality since 1994. It borders with the municipalities of Limassol and Agios Athanasios. There is the dam of Germasogeia, which was built in 1969. It is built on the northern boundaries of Germasogeia about 4km from the coastal area and receives water from the Amathos river. In 1960, the coastal area of Germasogeia began to grow and at the same time the first plots began to be separated for homes to be built. In 1966, the first hotel was built – Miramare. In the early 1970s the first blocks of flats were built. The rapid growth continued until 1990, which made Germasogeia a major tourist centre with 56 hotels. Additionally, alongside the hotel industry, entertainment and leisure services began to grow creating hundreds of businesses.
