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3 Bedroom Apartment
Katholiki, Limassol

€1,550,000  ($1,790,572)

REMAX Cyprus

REMAX Cyprus

Reg. No: 758 / License No: 410/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $62,670

Average Bank Rate (€1,550,000)
1 USD = 0.8364 EUR
$1,853,242

Mid-market rate (€1,550,000)
1 USD = 0.8656 EUR
$1,790,572

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 7509932 (480081001_1348)
  • Bedrooms: 3
  • Bathrooms: 2
  • Total covered area: 332 sqm
  • Plot: 385 sqm
  • Resale built in 1918
  • City Center, Near Shops, Residential, Solar Heating Panels, Balcony, Near Hospital, Near Schools, Unfurnished, Title Deed Issued

Description

Listed Jewel in the Heart of Limassol

Property Overview
We are proud to present a unique and historically significant property, erected in 1918, located in the vibrant heart of Limassols old town.
Situated on the bustling Saripolou Street, this listed jewel stands as a testament to the architectural heritage of the area.
This property is not just a building; it is a piece of Limassol's history.
The architectural design reflects the charm and character of the early 20th century, making it a rare find in todays real estate market.
Its listed status underscores its importance and offers protection, ensuring that its historical integrity will be preserved for future generations.
Prime Location
Located on Saripolou Street, this property is at the epicenter of Limassols old town, an area known for its lively atmosphere and rich cultural heritage.
The street is a hub of activity, with a plethora of amenities and points of interest all within walking distance:
Restaurants and Cafes: Enjoy a wide variety of dining options, from traditional Cypriot cuisine to international fare.
Shops and Boutiques: Explore a range of unique shops offering everything from local crafts to high-end fashion.
Cultural Attractions: Visit nearby museums, galleries, and historic sites that showcase Limassols rich cultural tapestry.
Nightlife: Experience the vibrant nightlife with numerous bars, clubs, and entertainment venues in close proximity.

Property Details
Spanning two levels, the property offers a total of 332 square meters of versatile space:
Ground Floor: 58 square meters
First Floor: 274 square meters
The architectural charm of the building is evident in its preserved features and historic façade, making it an attractive site for both visitors and locals.


Current Status and Opportunities

The property has received a permit for change of use as a hotel, although this permit needs to be renewed.
This flexibility opens up a wealth of opportunities for potential investors:
Boutique Hotel: Transform the property into a charming boutique hotel, capitalizing on the growing tourism market in Limassol.
Airbnb Apartments: Develop high-end residential units that offer a unique blend of historic charm and modern convenience.
Commercial Space: Utilize the space for retail or office use, benefiting from the high foot traffic in the area.
Whether you're looking to establish a new business, expand your portfolio, or restore a piece of Limassol's history, this property offers a plethora of possibilities.

Summary
This historic property on Saripolou Street offers a rare opportunity to own a piece of Limassols heritage.
Its prime location, combined with the potential for a variety of uses, makes it an attractive investment.
Whether you envision it as a boutique hotel, luxury apartments, or commercial space, this property provides a canvas on which to create something truly special.

Dont miss out on the chance to invest in this unparalleled opportunity in the heart of Limassols old town.
Contact us today for more information and to arrange a viewing.

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€58,600 ($67,695)
If buying on joint names
€55,200 ($63,767)

Disclaimer - Property reference 7509932. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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