Mixed use in historical centre
Make better decisions with median price, value trends and other helpful analytics
Top 10 similar deals near this place on the map
For sale is a unique mixed-use property located in the vibrant Historical Centre of Limassol, in Katholiki Quarter. This spacious resale offers an impressive 731 m² of internal space, providing numerous possibilities for both residential and commercial ventures. Plot size: 596 m². Building Density: 140%. Additional Building Factor: 223 m².
The large plot ensures ample outdoor area, perfect for potential expansion or landscaping.
This two-storey mixed-use listed building offers significant potential for developers and investors. 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:
o Eligible for up to 40% renovation reimbursement.
o Excess building factor (223 m²) can be sold or transferred.
o Tax exemption of the rents collected by the owner.
o Exemption from property tax.
o Return of transfer fee & other various Government Incentives.
Investment Potential: With renovation approvals in place and additional building rights, this property’s value is set to grow significantly.
Situated in a culturally rich area, the Historical Centre is known for its charming streets, featuring a blend of traditional architecture and modern conveniences. You will find a variety of local shops, restaurants, and cafes, making this location ideal for foot traffic and community engagement. The backdrop of historic landmarks adds to the allure, providing a picturesque setting for any business or residence.
This property is conveniently close to amenities such as schools, markets, and parks, ensuring that all your daily needs are just a short walk away. Its prime location and versatile layout make it a rare find in a sought-after area.
Don't miss the opportunity to invest in this remarkable mixed-use property. For more information, contact NCH Real Estate, your trusted partner in finding the perfect home or business space.
-
Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
-
Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
-
Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
-
Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
-
Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
Similar ads
