A rare investment opportunity in the Historical Center of Limassol in Katholiki Quarter,This two-storey mixed-use listed building offers significant potential for developers and investors.

Property Details:

Land Area: 596 m²

Building Size: 731 m²

Additional Building Factor: 223 m²

 Building 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.