Residential in Kolossi, Limassol

Reference ID: #SA29790 Price details: €1,650,000 +VAT An Amazing Project For Sale: 35 Unit Development Opportunity ideal for an Investor or a Developer. in the rapidly growing in demand Kolossi Limassol. Kolossi is set to become a top destination, surrounded by new developments, upgraded infrastructure, and quick access to major highways. Just a 10-minute drive to Limassol’s city center, this project is close to schools, major shopping centers, the Alpha Mega Stadium, the city of dreams casino and resort and much more. This ready-to-build development spans nearly 10,500 square meters and comes fully approved with planning permits for 17 spacious, semi-detached houses, each offering 3 to 4 bedrooms, rooftop terraces, and private backyards. It also includes two apartment buildings with 18 units, featuring 2 to 3 bedroom penthouses, a shared swimming pool, and room for additional amenities. This project offers unmatched investment flexibility: develop and sell or retain the 35 units as rental properties, creating a steady monthly income stream. The asset falls within Residential Planning Zone Η3 with a building density of 60% and a coverage ratio of 35%, you may build up to 2 floors with a maximum height of 8,3m.