Details

Upper & Lower Houses WITH Development Potential – CoLumbia, Germasogeia

484m² | Ka5 (100%) | 3 Floors | 13.5m Height

Rare Opportunity: Two Independent Houses + Future Development Rights

An excellent opportunity to acquire both upper and lower houses on a single 484m² residential plot in the highly desirable Columbia area of Germasogeia.

This property combines immediate residential and rental value with strong long-term redevelopment potential, making it ideal for investors, families seeking multi-generational living, or developers looking to secure land in a high-demand area.

The Property

The building consists of two independent residential units:

Upper House (Built 2017)2-bedroom modern residence

Lower House (Built 1996)2-bedroom residence

Both units can function separately, offering flexibility and income-generating potential.

Development Potential

Planning Zone: Ka5 (Residential)

Building Density: 100%

Coverage Ratio: 50%

Maximum Floors: 3

Maximum Height: 13.5 metres

The Ka5 zone allows full residential redevelopment, meaning the property offers the potential to replace the existing structure with a modern apartment building (subject to planning approval).

The Columbia area continues to experience strong redevelopment, with older homes steadily being replaced by contemporary apartment buildings — supporting long-term capital growth.