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Commercial Building
Limassol Municipality, Limassol

€4,200,000  ($4,843,978)

My Space Real Estate

My Space Real Estate

Myspace Real Estate & A.SP.S.Thinkrealty – Reg. No: 396665 | License No: 1047-229/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 $169,539

Average Bank Rate (€4,200,000)
1 USD = 0.8377 EUR
$5,013,517

Mid-market rate (€4,200,000)
1 USD = 0.8671 EUR
$4,843,978

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: 8625942 (244434)
  • Plot: 693 sqm

Description

Renovated listed commercial building in Limassol's old town (Historical Centre) — about 200 m from Limassol Marina. Income-producing tenanted asset with significant tax advantages: as a renovated listed building, all rental income is tax-free.

The Building
- 550 sqm total covered area
- 693 sqm plot
- Renovated listed building
- Resale condition
- Initially renovated for boutique-hotel use — adaptable for hospitality, F&B, offices or mixed commercial

Income Profile (per seller)
- Current rent: €20,000 / month
- Annual rent: €240,000
- Indicative gross yield: ≈5.71% on €4.2M
- Special tax benefit: as a renovated listed building, ALL rental income is tax-free

Investment Highlights
- Tax-exempt rental income — exceptional listed-building advantage
- Prime old-town location, 200 m from Limassol Marina
- Boutique-hotel-grade renovation already in place
- Suitable for hospitality, F&B, offices or mixed commercial use
- Heritage building character with renovation works completed

Location
- Limassol Old Town / Historical Centre
- About 200 m from Limassol Marina

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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
€164,600 ($189,838)
If buying on joint names
€161,200 ($185,916)

Disclaimer - Property reference 8625942. 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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