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€1,550,000 €2,583/m²

600m² Building for Sale in Limassol – Katholiki

Limassol - Katholiki, Limassol district Posted 3 months ago Updated 17 hours ago
600 m²Covered area
388 m²Plot
Pre-OwnedCondition
YesParking
  • City view

About this home

Exceptional investment and owner-occupier opportunity in one of the city's most sought-after commercial locations. This prominent corner property enjoys excellent visibility and exposure on Makarios Avenue, benefiting from high traffic volumes and a prestigious business address.

The existing building comprises two levels, featuring a spacious showroom at ground-floor level and office premises on the upper floor, making it ideal for a wide range of commercial uses. The property is well maintained and in good condition, allowing for immediate occupation or rental income generation.

A key advantage is its significant development potential. Situated within a high-density commercial zone with a building density of 180% and a coverage coefficient of 50%, the plot permits development of up to six floors with a maximum building height of 24 metres. This offers the opportunity to substantially expand the existing structure or undertake a comprehensive redevelopment project to maximize returns.

Additional features include rear parking facilities, a highly visible corner position, excellent accessibility, and a clean title deed ensuring a smooth transaction process.

Property Highlights:

Prime corner location on Makarios Avenue
Existing two-storey commercial building
Ground-floor showroom
First-floor office accommodation
High-profile frontage and outstanding visibility
Building density: 180%
Coverage coefficient: 50%
Development potential for up to six floors (24m height)
Rear parking area
Building in good condition
Clean title deed
Ideal for investors, developers, corporate headquarters, showrooms, or mixed commercial use

A rare opportunity to acquire a landmark commercial property with immediate usability and substantial future development potential in a prime business district.

Reference
33939
Property type
Building
Plot area
388 m²
Furnishing
Partially furnished
Parking
Uncovered, Yes
Heating
Central Heating, Yes
Air conditioning
All rooms, Yes
Safety & security
Alarm

What it will really cost

Asking price€1,550,000
Title transfer fee ~€58,600
Estimated total€1,608,600
Mortgage estimate
Monthly payment

Estimate only. Legal fees, stamp duty and mortgage costs are not included.

How the price compares

33% below
average

At €2,583/m² compared with an average €3,831/m² across 424 similar listings — building in Limassol.

Asking price per m²This home
Average €3,831 This home €2,583
€1,500€5,062€8,623

Location

Limassol - Katholiki, Limassol district

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€1,550,000€2,583/m²
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