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.

PRICE: 2.3 million (no VAT)