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Commercial Building for sale in Katholiki, Limassol

Katholiki, Limassol, Cyprus
Commercial Building for sale in Katholiki, Limassol 816 Katholiki
2300000 €2,300,000  ($2,615,640)
Commercial Building
Katholiki, Limassol

€2,300,000  ($2,615,640)

Majesty Real Estate

Majesty Real Estate

Reg.No: 1226 / Licensed No: 333/E

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.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $91,547

Average Bank Rate (€2,300,000)
1 USD = 0.8496 EUR
$2,707,187

Mid-market rate (€2,300,000)
1 USD = 0.8793 EUR
$2,615,640

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1756711 (5720)
  • Plot: 596 sqm

Description

The property is a two-storey, mixed-use listed building with great potential for developers and investors.

Property Details:
- Land Area: 596 m²
- Building Size: 731 m²
- Additional Building Factor: 223 m²
- Building Density: 140%

Key Highlights:
- Prime Location: Located in the heart of the historic center.
- Ready for Renovation: Permits are in place, and the new owner can modify them or repurpose the building for various uses, such as shops, apartments, boutique hotels, offices, or university accommodation.
- Financial Incentives:
- Up to 40% renovation reimbursement.
- The excess building factor (223 m²) can be sold or transferred.
- Tax exemptions on rents and property tax.
- Additional government incentives and return of transfer fees.

Investment Potential: With renovation approvals and additional building rights, this property offers substantial growth in value.

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.

Stamp Duties
If buying as an individual
€4,508 ($5,126)
If buying on joint names
€4,508 ($5,126)
Transfer fees
If buying as an individual
€88,600 ($100,759)
If buying on joint names
€85,200 ($96,892)

Disclaimer - Property reference 1756711. 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.

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