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Building
Omonoia, Limassol

€540,000  ($622,164)

FIRST CLASS HOMES

FIRST CLASS HOMES

Reg. No: 1256 | Lic. No: 258/E

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Compared currency flag Pay in USD and save up to $21,776

Average Bank Rate (€540,000)
1 USD = 0.8386 EUR
$643,939

Mid-market rate (€540,000)
1 USD = 0.8679 EUR
$622,164

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: 8317679 (62275)
  • Plot: 262 sqm
  • Kitchen
  • Storage

Description

Commercial / Mixed-Use Building for Sale – Omonoias Avenue, Limassol.Located on Omonoias Avenue in the parish of Omonoia, Limassol, this is an older mixed-use building constructed in 1985, offering strong investment potential but requiring full renovation and modernization.The property sits on a 262 sq.m. plot within Planning Zone Eb4 (Commercial Zone) under the Limassol Local Plan, with:140% Building Density50% CoverageUp to 4 FloorsMaximum Height 17mPrimary Use: CommercialThe building has a total covered area of approximately 435 sq.m. and currently includes:Ground Floor: Two commercial shops with mezzanines and WCs, plus a pilotis area and staircase access.Mezzanine Level: Additional rear mezzanine space converted into a one-bedroom unit.First Floor: One one-bedroom apartment at the front and two studio apartments at the rear.Second Floor: Incomplete apartment (construction works stopped at plastering stage).The building is in old condition and requires significant renovation. Ideal for investors or developers looking for a refurbishment or redevelopment project in a prime commercial location.

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
€18,200 ($20,969)
If buying on joint names
€14,800 ($17,052)

Disclaimer - Property reference 8317679. 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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