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Pay in USD and save up to $11,978The Property House presents this stone-built commercial property in the heart of Katholiki, Limassol Old Town.
The property is listed as a heritage site by the Department of Antiquities, and qualifies for all the subsidies and benefits of renovation and restoration. Located on the beautiful Navarinou Street, the property is in close proximity to downtown as well as Limassol Marina and the sea front.
The plot size is 158m2 and the internal area of the building is 137m2.
Excellent investment opportunity as the building can be renovated and rented out as an office or retail premises, and can even be used as a home.
It is also important to note that the property benefits from an additional 103m2 of "free density" which can be sold by the new buyer on the open market.
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Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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