Investment in Katholiki, Limassol

Description

A rare investment opportunity in the Historical Center of Limassol in Katholiki Quarter, located on the highly sought-after Eleftherias Street. 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.