€1,300,000 For Sale
Germasogia Limassol
Residential Land Land
- Bedrooms
- Covered
2233m² Plot

FOR SALE - €1,300,000
REF. NO. 13501

The plot is located in Germasogeia Community in Limassol District. It is located circa 500m north of the Limassol-Nicosia Motorway . The plot captures a total area of 2233sqm. It is characterized by a rectangular  shape and a smooth surface. The wider area has experienced significant construction activity over the past few years mainly driven by the construction of houses and the division of land into plots. The immediate area is comprised of scattered newly developed high quality detached houses, plot divisions and undeveloped land. Properties in this area benefit from easy access to the Limassol-Nicosia Motorway, the Limassol city centre and  the beach. The asset falls within the Residential Planning Zone Ka8 with a building density coefficient of 60% and a coverage coefficient of 35%, over 2 floors and 10 maximum height.


Germasogia, Limassol

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.

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