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Pay in USD and save up to $46,525This unique commercial plot of 508m2 is located in an ideal position for the development of a state-of-the-art office building. Situated in the meridian between East and West Limassol and a high-demand commercial avenue leading to the city centre. It has quick and easy access to the highway a rectangular shape and even surface.
It constitutes an ideal opportunity for the development of a modern office building.
The plot now hosts a commercial building that was built in 1980 with the following measurements:
1. Ground Floor Shop with Mezzanine and Auxiliary Space: 333m2
2. Flat 1: 76m2 (2-bedroom)
3. Flat 2: 114m2 (3-bedroom)
4. Flat 3: 114m2 (3-bedroom)
Total: 637m2
All flats and shops are currently rented with a monthly rent of €5300.
The commercial plot falls into the commercial zone Εβ4 with the following development characteristics:
• Plot Area: 508m2
• Density: 140%
• Buildable area: 711m2
The property is not subject to VAT. Price is negotiable.
Contact us for a viewing.
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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