€2,300,000 $2,406,293
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Pay in USD and save up to $84,220Key features
- Listing ID: 1466981 (1079004)
- Total covered area: 332 sqm
Description
We are so pleased to offer this commercial unit with lots of history and heritage behind it, located in the heart of the City in Katholiki, Limassol.
The space was firstly build in 1918 and it was firstly used as a clinic and it was in full use up until the end of the 2nd world war. Since then the property has been vacated but the ground floor has been used for a different variety of commercial needs. The building needs renovation as it has huge potential mainly because it has one of the most unique locations in Limassol. It can be used as offices, shopping center, short term rentals, airbnb and a lot more depending on the vision of the potential investor.
What is important to know is that the property is preserved (διατηρητεο) which means the outside area must remain how it is but it has the huge benefit of tax free income if the potential buyer has plans to use it as a passive income.
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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