Search
Residential in Kolossi, Limassol
5508, Cyprus
REF: 641985
€1,650,000
Description
Reference ID: #SA29790Price details: 1,650,000 +VATAn 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 ?3 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.
Reference ID: #SA29790Price details: 1,650,000 +VATAn 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 ?3 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.
Read More
Property on Map
Currency Exchange
5508, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,650,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,650,000 | £1,359,435 | £1,432,349 | £72,914 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,359,435 |
| Maximum cost in the last six months | £1,432,349 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £72,914 |
5508, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,650,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,650,000 | £1,359,435 | £1,432,349 | £72,914 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,359,435 |
| Maximum cost in the last six months | £1,432,349 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £72,914 |
The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £72,914 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
