Property 3101 Limassol / LIM-PAF-29115
Unique Mixed-use Building In Limassol's Historic Center.
3
For Sale • Deal
2,300,000€
Estimated Mortgage
/month
731
m2
596
Plot m2
Overview
Property Description
A rare investment opportunity in the Historical Center of Limassol in Katholiki area. 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.
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Unfurnished
Location
59.93 kms
69.25 kms
0.75 kms
1.46 kms
1.46 kms
1.57 kms
3.76 kms
7.30 kms
8.08 kms
9.58 kms
9.75 kms
0.85 kms
1.04 kms
1.05 kms
1.09 kms
1.27 kms
2.15 kms
3.40 kms
4.44 kms
4.78 kms
5.87 kms
8.89 kms
9.50 kms
Transfer Fees
Transfer Fees Individual
88,600 €
Transfer Fees Joint Names
85,200 €
Stamp Duty
4,508 €