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Pay in USD and save up to $92,354LISTED TWO STOREY MIXED USE PROPERTY FOR SALE
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.
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.
Disclaimer - Property reference 1763016. 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.
