€2,300,000 $2,612,339
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Pay in USD and save up to $91,432Key features
- Listing ID: 1755569 (57364)
- Plot: 596 sqm
- none
Description
A rare investment opportunity in the Historical Center of Limassol in Katholiki Quarter, located on the highly sought-after Eleftherias Street. This two-storey mixed-use listed building offers significant potential for developers and investors.Property Details:Land Area: 596 m²Building Size: 731 m² Additional Building Factor: 223 m²Building 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.
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.
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