Bazaraki
Property 6380931
Limassol · EUR 5,000,000 · Unknown type
A prime 5,600 sq. metre residential development plot located in the prestigious area of Agios Tychonas, Limassol — one of Cyprus’s most sought‑after luxury residential zones. The property comes with fully approved planning and building permits issued prior to November 2023, ensuring eligibility for the old VAT regime, a significant financial advantage for developers. This ready‑to‑build project includes permits for six high‑end luxury villas, designed to meet the strong demand for premium residential properties in the Limassol market. With a total buildable area of 2,940 sq. metres, plus additional covered / uncovered verandas and parking slots, the development offers excellent flexibility for spacious layouts, private pools, landscaped gardens, and panoramic outdoor areas. - Strategic Location for High‑End Development Agios Tychonas is home to some of the island’s most exclusive residences, five‑star hotels, and upscale leisure facilities. Its elevated position provides privacy, sea views, and quick access to Limassol’s coastline, international schools, marinas, and luxury resorts. This makes the area exceptionally attractive for both local and international high‑net‑worth buyers. The combination of location, permits, and development potential positions this plot as a turnkey investment opportunity with strong resale value and high ROI potential. - Development Highlights Plot Size: 5,600 sq. metres Permitted Buildable Area: 2,940 sq. metres Additional Covered Verandas: Included - Permits: Planning & Building Permits issued before Nov 2023 (old VAT regime) Because the planning permit for this development was issued before 1 November 2023, the property qualifies for the old 5% VAT regime on the entire build, provided the purchaser submits the application within the transitional period. The transitional period ends in June 2026. - Project Type: Six luxury detached villas The project is ideal for developers seeking a premium residential scheme with minimal administrative delays and immediate construction readiness.
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