Investment (Mixed Use) in Katholiki, Limassol for Sale

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.