- €2 300 000
-
- €3146/m2
- 731m²
- 2
- 1990 and older
- Pre-Owned
- 57364
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. PRICE 2.3 million no VAT
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