Building For Sale in Old Town, Limassol – CH3529

Ref No:
€2.300.000
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  • Status: For Sale
  • Property type: Residential Building
  • Ref. ID: CH3529
  • City: Limassol
  • Area: Limassol
  • Energy Efficiency Rating: N/A

Details

LISTED TWO STOREY MIXED USE PROPERTY FOR SALE

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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