1,156 SQM Residential Plot for sale in Katholiki, Limassol

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.  THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED - - - - - - - - - - - The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.  - - - - - - - - - - - - - District: Limassol Municipality: Limassol Municipality Quarter: Katholiki