Spacious Historical Commercial Building for Sale in Katholiki Center
for sale in Limassol
Publish: Last month, views: 143
Price: €2.300.000
| Covered area (sqm) | 731 sqm |
| Listing ID: | 25856 |
| Price | €2.300.000 |
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Information from owner
Listed Two-Storey Mixed-Use Property on Eleftherias St., Limassol
A rare investment opportunity in the Historical Center of Limassol in Katholiki Quarter, located on the highly sought-after Eleftherias Street.
This two-storey mixed-use listed building offers significant potential for developers and investors.
Property Details:
• Land Area: 596 m²
• Building Size: 731 m²
• Additional Building Factor: 223 m²
• Building Density: 140%
Why This Property Stands Out:
• Prime Location: Heart of the historic center.
• Ready for Renovation: All permits secured (the new owner can choose to modify the permits and/or use. Suitable for shops, apartments, boutique hotels, offices, university accommodation, multipurpose open plan space, etc).
• Financial Incentives:
- Eligible for up to 40% renovation reimbursement.
- Excess building factor (223 m²) can be sold or transferred.
- Tax exemption of the rents collected by the owner.
- Exemption from property tax.
- Return of transfer fee & other various Government Incentives.
Investment Potential: With renovation approvals and additional building rights, this property’s value is set to grow significantly.
Listed Two-Storey Mixed-Use Property on Eleftherias St., Limassol
A rare investment opportunity in the Historical Center of Limassol in Katholiki Quarter, located on the highly sought-after Eleftherias Street.
This two-storey mixed-use listed building offers significant potential for developers and investors.
Property Details:
• Land Area: 596 m²
• Building Size: 731 m²
• Additional Building Factor: 223 m²
• Building Density: 140%
Why This Property Stands Out:
• Prime Location: Heart of the historic center.
• Ready for Renovation: All permits secured (the new owner can choose to modify the permits and/or use. Suitable for shops, apartments, boutique hotels, offices, university accommodation, multipurpose open plan space, etc).
• Financial Incentives:
- Eligible for up to 40% renovation reimbursement.
- Excess building factor (223 m²) can be sold or transferred.
- Tax exemption of the rents collected by the owner.
- Exemption from property tax.
- Return of transfer fee & other various Government Incentives.
Investment Potential: With renovation approvals and additional building rights, this property’s value is set to grow significantly.
Contact Name: Vyron Christoforou (Business Advertiser)
region: Limassol
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