€2,500,000 $2,793,874
You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.
Pay in USD and save up to $97,786Key features
- Listing ID: 1530428 (9878)
- Plot: 1156 sqm
Description
Unique investment opportunity in a commercial building, located in a prime location in Katholiki Quarter, in Limassol Municipality. The property abuts onto Archiepiskopou Makariou III avenue and Larnakos Street with a total frontage of approximately 65 meters (22 meters (approx.) frontage on Archiepiskopou Makariou III Avenue and 43 meters (approx.) frontage on Larnakos Street).
It is ideally situated in an excellent location close to an abundance of amenities and services. It enjoys very good accessibility to the Limassol City Center and the motorway. It is located within Limassol’s city center and 1.8km (approx.) north from Limassol Marina.
The building was originally constructed in 1968. The area of the building is 559m² (approx.) on the ground floor, 386m² (approx.) mezzanine and 1,062m² (approx.) basement. The land area is 1156 m².
It is worth mentioning that the property falls within the Commercial Zone Εβ2 (46%), with a building density coefficient 180% (up to 5 floors) and within the Residential Zone Κα3 (54%) having building density coefficient 140% (up to 4 floors).
In addition, the property has a Court Order for vacant possession on 30/11/2024. Furthermore, according to the same order the tenant will be paying the amount of €3000/month until 30/11/2024.
It is considered as an excellent opportunity for land developers and individuals.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
Disclaimer - Property reference 1530428. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.