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Building for sale in Limassol Municipality, Limassol

Limassol Municipality, Limassol, Cyprus
Building for sale in Limassol Municipality, Limassol 6094 Limassol Municipality
4500000 €4,500,000  ($4,715,360)
Building
Limassol Municipality, Limassol

€4,500,000  ($4,715,360)

My Space Real Estate

My Space Real Estate

Myspace Real Estate & A.SP.S.Thinkrealty – Reg. No: 396665 | License No: 1047-229/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 $165,038

Average Bank Rate (€4,500,000)
1 USD = 0.9221 EUR
$4,880,398

Mid-market rate (€4,500,000)
1 USD = 0.9543 EUR
$4,715,360

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: 1518761 (6364)

Description

We present to your attention a unique building for sale in the heart of Limassol, located on Heroes Square. The sale of the building is carried out directly from the owner, without intermediaries

The building consists of:
1st floor:
- on the east side, facing the park, there is a cafe-restaurant, with a separate kitchen, a dedicated area for washing dishes, a separate bathroom and shower for staff, as well as a fire exit. Also, 2 men's and 2 women's toilets.
There is a license that can be renewed after renovation.
- on the west side, facing the park, there is a nightclub that had a cabaret license, which can be renewed after renovation.
Separate dedicated bar area, stage, balconies for guests, dance floor, men's and women's restrooms, separate fire exit, and a passage to the kitchen for serving food.

2nd floor:
- large veranda overlooking the park, with toilets for men and women
- office
- a large hall that can be adapted as a restaurant, a venue for conferences, meetups, etc. Also, 2 men's and 2 women's toilets. Separate fire exit.

Total useful and other areas in the building are around 800 sq.m.

The building's advantages:
1. Existing permits that can be renewed after renovation
2. Historical building - rental income is not taxed
3. All infrastructure is for a full-fledged recreation center.
4. Since the facade of the building is located on the square, you can get permission to have tables right on the square
5. The square is planned to be converted into a completely pedestrian area by 2024 - traffic will increase significantly
6. There are unsold square meters for resale and/or completion of other properties

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
€8,908 ($9,334)
If buying on joint names
€8,908 ($9,334)
Transfer fees
If buying as an individual
€176,600 ($185,052)
If buying on joint names
€173,200 ($181,489)

Disclaimer - Property reference 1518761. 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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