for Sale in Limassol - Katholiki
- ID: 6903929
- Posted: 8 months ago
- Modified: 5 months ago
- 2
- Pre-Owned
- 731m²
- 1990 and older
A rare investment opportunity in the Historical Center of Limassol in Katholiki Quarter, located on the highly sought-after Eleftherias Street. 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:
Eligible for up to 40% renovation reimbursement.
Excess building factor (223 m²) can be sold or transferred.
Tax exemption of the rents collected by the owner.
Exemption from property tax.
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.
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