Agricultural Land For Sale In Asgata, Limassol, Cyprus(26757 Sq.m)

Agricultural Land For Sale In Asgata, Limassol, Cyprus(26757 Sq.m)

Location:
The property is situated in the serene village of Asgata, located in the Limassol district of Cyprus. Asgata is a traditional rural village, known for its natural beauty and agricultural landscapes, offering a peaceful environment while being just a short drive from the bustling city of Limassol. This location provides the perfect balance of rural tranquility and easy access to urban amenities, including shopping, dining, and business opportunities. Its proximity to Limassol also makes it an attractive spot for potential future development, enhancing its appeal for both residential and agricultural investment.

Property Description:
Planning Zone: Γ3
The property is situated within Planning Zone Γ3, a designated area for specific types of land use. This zoning typically indicates that the land is either agricultural, rural, or designated for minimal development. The Planning Zone Γ3 applies certain restrictions and guidelines to the type of construction and development that can take place on the property, aligning with the requirements for low-density developments or agricultural use.

Affected Percentage: 100%
The land within the Planning Zone Γ3 is fully affected by the regulations governing this zone, as indicated by the 100% affected percentage. This means that the entire area is subject to the guidelines and restrictions set forth for this zone, including permissible land uses, building density, and other related factors that determine how the land can be utilized.

Density: 0.1
The density of the land is 0.1, which suggests that there are significant restrictions on the number of buildings or structures that can be built on the property. This low density is typically characteristic of areas where development is sparse and designed to preserve open space, natural resources, or agricultural activities.

Coverage: 0.1
The coverage value of 0.1 indicates that only a minimal portion of the land area can be covered by built structures, typically no more than 10% of the total land area. This is consistent with zoning designed to maintain the rural or agricultural character of the land, ensuring that a substantial portion remains open and undeveloped.

Floors: 2
The land allows for a maximum of 2 floors to be constructed. This restriction ensures that any buildings or structures developed on the property do not exceed two stories in height, maintaining the scale and character of the surrounding environment.

Height: 8.3 meters
The maximum height for buildings within this zone is 8.3 meters, limiting the height of any construction to a manageable level that is in keeping with the low-density and rural character of the area. This height limit prevents overly tall buildings, maintaining the visual integrity and natural surroundings of the land.

Property Details:
Block Number/Registration Number: 0/9397
The property is identified by the Block Number/Registration Number 0/9397, which serves as a unique identifier within the property registry. This number is critical for legal, administrative, and planning purposes, ensuring that all information related to the property is properly recorded and can be accessed as needed.

Property Type: Olive Trees and Carob Trees
This property is currently used for agricultural purposes and is specifically cultivated with Olive Trees and Carob Trees. These types of crops suggest that the land is being utilized for agricultural production, likely producing olives and carob, both of which are valuable crops in the region.

Olive Trees: The property includes a plantation of olive trees, which are well-known for producing olives for olive oil and table olives, a significant agricultural product in the region.

Carob Trees: In addition to the olive trees, the land also includes carob trees, which produce carob pods, often used as a substitute for chocolate and other food products. Carob is also valued for its drought-resistant properties and contributes to the land’s agricultural diversity.

Property Value:
Value as of 1st January 2021: The property was valued at €120,400.00 on January 1st, 2021, for both the olive and carob tree components. This valuation reflects the land’s agricultural value, as well as its potential for development within the constraints of the Γ3 zoning.

Value as of 1st January 2018: The value remained consistent at €120,400.00 on January 1st, 2018, indicating stability in the land’s market value over the three-year period. There were no fluctuations in its assessed value, suggesting steady market conditions for agricultural land in this region. This property, identified by Block Number 0/9397, is located in Planning Zone Γ3 and primarily used for the cultivation of Olive Trees and Carob Trees. With a density and coverage of 0.1, the property maintains a low-intensity agricultural use, with restrictions in place to preserve its rural or agricultural character. The property is subject to a height limit of 8.3 meters and permits a maximum of 2 floors of construction. The land’s value has remained stable at €120,400.00 from 2018 to 2021, underlining its consistency as an agricultural asset.

Investment Opportunity and Pricing:

This property presents an attractive investment opportunity for individuals or businesses seeking to invest in agricultural land within Planning Zone Γ3. With a stable value of €120,400 for the olive and carob tree cultivation as of both 2018 and 2021, the land offers consistent returns for agricultural production. However, with an asking price of €400,000, this investment reflects the land’s potential for future development within the guidelines of the zoning restrictions. Given the low density, coverage, and height restrictions, this property holds appeal for those looking to develop agricultural ventures or possibly pursue eco-tourism or rural lifestyle projects, which are becoming increasingly popular in certain regions. The €400,000 price point presents an opportunity for significant value appreciation if the surrounding area undergoes development or urbanization, or if agricultural yields from olive and carob production increase. This investment is ideal for long-term growth, offering both a steady agricultural income and future potential for revaluation.

Contact us Today!!!
For more information or to discuss this investment opportunity further, please don’t hesitate to contact us. Our team is ready to assist you with any inquiries, provide additional details, or arrange a viewing of the property. We look forward to helping you explore the potential of this exceptional agricultural plot in Asgata, Limassol.