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Pay in USD and save up to $63,923The property is a commercial building situated in a prime area of Limassol by the junction of Archipishop Makarios III Avenue with Paphos Avenue. It is located approx. 1.2 km north-east of the Omonias – Franklin Rousvelt traffic lights by the Limassol Port.
The property consists of a ground floor (c.490 sqm) with mezzanine (c.240 sqm). Approximately the half of the ground floor was used as a showroom and the remaining area as a warehouse.
The building has been constructed with good quality materials.
The total land area of the property is 1.154 sqm.
Arch. Makariou Avenue has been established as one of the busiest streets in Limassol, where a mixed residential and commercial development can be observed, with buildings consisting of shops/restaurants/showrooms on the ground floor and offices/apartments on the upper floors. It constitutes the city centre and allows easy accessibility to the wider area of Limassol and the surrounding areas.
The property falls within the following two Planning Zones:
- Commercial zone Εβ2 with a maximum building density coefficient of 180% and a land coverage coefficient of 50% over 6 floors and 24 meters height.
- Residential zone Κα4 with a maximum building density coefficient of 120% and a land coverage coefficient of 50% over 3 floors and 13.50 meters height.
Owner: Orzo Properties Ltd
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
The property is a commercial building situated in a prime area of Limassol by the junction of Archipishop Makarios III Avenue with Paphos Avenue. It is located approx. 1.2 km north-east of the Omonias – Franklin Rousvelt traffic lights by the Limassol Port.
The property consists of a ground floor (c.490 sqm) with mezzanine (c.240 sqm). Approximately the half of the ground floor was used as a showroom and the remaining area as a warehouse.
The building has been constructed with good quality materials.
The total land area of the property is 1.154 sqm.
Arch. Makariou Avenue has been established as one of the busiest streets in Limassol, where a mixed residential and commercial development can be observed, with buildings consisting of shops/restaurants/showrooms on the ground floor and offices/apartments on the upper floors. It constitutes the city centre and allows easy accessibility to the wider area of Limassol and the surrounding areas.
The property falls within the following two Planning Zones:
- Commercial zone Εβ2 with a maximum building density coefficient of 180% and a land coverage coefficient of 50% over 6 floors and 24 meters height.
- Residential zone Κα4 with a maximum building density coefficient of 120% and a land coverage coefficient of 50% over 3 floors and 13.50 meters height.
Owner: Orzo Properties Ltd
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
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.
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