€550,000 $576,432
Fox Smart Estate Agency Limassol
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Pay in USD and save up to $20,175Key features
- Listing ID: 1500755 (26289)
- Bedrooms: 3
- Bathrooms: 2
- Total covered area: 143 sqm
- Plot: 271 sqm
- Resale built in 1920
Description
Discover a hidden gem in the heart of Limassol’s Historical Centre – a unique and highly sought-after property that’s just a short stroll from all amenities.
This rare find offers endless possibilities, whether you choose to restore it to its original grandeur or re imagine it as a modern office building with a charming courtyard or a unique residential living.
As a listed property, it comes with significant advantages, including additional building density that can be sold or utilized for expanding the current structure. With a building density of 140% and a building coefficient of 70%, you can construct up to two floors with a maximum height of 8.30 meters. The existing main building is 110m², complemented by a 33m² auxiliary building.
Exclusive Government Grants & Incentives* (based on the owner's research) :
Renovation Grant: Up to €77,000 towards restoring the main building.
Extension Grant: Up to €23,000 towards an expansion.
Building Density Sale: Potential to sell remaining building density for up to €157,000 if no extension is made.
Additional Incentives: Take advantage of tax benefits and other building incentives designed to make this investment even more attractive.
This is more than just a property; it’s a rare opportunity to own a piece of Limassol’s history with endless potential.
Don’t miss out on this chance to create something truly special in the heart of Limassol Historical Center.
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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