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A rare investment opportunity in the Historical Center of Limassol in Katholiki area.
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:
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.
Please set your own values to get your unique mortgage plan
Loan Term
Loan amount
Interest rate
* The above information is the average for each state in Cyprus For more details about loans, please send us an enquiry.
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Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.