Details

Residential Building with Development Potential – Columbia Area, Germasogeia

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

Prime Residential Building with Strong Future Development Upside

Located in the highly desirable Columbia area of Germasogeia, this property offers a rare combination of immediate residential use and full redevelopment potential.

Set on a 484m² residential plot, the asset includes an existing two-level residential building while benefiting from Ka5 planning zone (100% building density) — making it an excellent opportunity for investors and developers seeking both income and long-term capital growth.

Existing Building

The property currently comprises:

2-bedroom upper house (built 2017)

2-bedroom lower house (built 1996)

Configured as two independent residential units, the building can be:

Rented immediately for steady income

Used as a multi-family residence

Refurbished for resale

Held as an income-producing asset while preparing redevelopment plans

Development Potential

Planning Zone: Ka5 (Residential)

Building Density: 100%

Coverage: 50%

Maximum Floors: 3

Maximum Height: 13.5 metres

The Ka5 zoning allows for full residential redevelopment, making the plot ideal for:

Boutique apartment building

Modern 6–8 unit residential scheme (subject to architectural study)

Contemporary replacement building aligned with surrounding new developments

The Columbia area continues to experience strong redevelopment activity, with older houses being replaced by modern apartment buildings — reinforcing long-term demand and resale potential.