4 Bedroom House for Sale in Limassol District

Listed historical building with Town Planning and Building permit for designed to be transformed to 4 independent apartments. The property benefits from the 1990 Government directive which calculates remaining co efficient of 240 which gives the buyer the benefit of selling 550m2 at the market price 1000 per M2 at the moment based on the approved plans. Additionally another 85m2 can be sold when the restoration has finished in order to cover up to 50 of the recognised cost of restoration. For example if the cost of the building is recognised at 800 M2 then the restorer can sell 85m2 at 800 M2.