Your location is .

Switch to homepage to see content specific to your location?

Expression of Interest property id: 77460466
  • 731 m²
  • Land Size
    596 m²

Description

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.

Mortgage Calculator

Please set your own values to get your unique mortgage plan

Loan Term

Years

Loan amount

USD

Interest rate

%
Property Value

* The above information is the average for each state in Cyprus For more details about loans, please send us an enquiry.

Enquire about this property

Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.

Let us help you find your ideal house