| A rare investment opportunity in the Historical Center of Limassol in Katholiki Quarter,
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:
o Eligible for up to 40% renovation reimbursement.
o Excess building factor (223 m²) can be sold or transferred.
o Tax exemption of the rents collected by the owner.
o Exemption from property tax.
o 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. |
