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Commercial building in Katholiki, Limassol
€ 2,500,000
- 559 ㎡
Unique investment opportunity in a commercial building, located in a prime location in Katholiki Quarter, in Limassol Municipality. The property abuts onto Archiepiskopou Makariou III avenue and Larnakos Street with a total frontage of approximately 65 meters (22 meters (approx.) frontage on Archiepiskopou Makariou III Avenue and 43 meters (approx.) frontage on Larnakos Street). It is ideally situated in an excellent location close to an abundance of amenities and services. It enjoys very good accessibility to the Limassol City Center and the motorway. It is located within Limassol’s city center and 1.8km (approx.) north from Limassol Marina. The building was originally constructed in 1968. The area of the building is 559m² (approx.) on the ground floor, 386m² (approx.) mezzanine and 1,062m² (approx.) basement. The land area is 1156 m². It is worth mentioning that the property falls within the Commercial Zone Εβ2 (46%), with a building density coefficient 180% (up to 5 floors) and within the Residential Zone Κα3 (54%) having building density coefficient 140% (up to 4 floors). In addition, the property has a Court Order for vacant possession on 30/11/2024. Furthermore, according to the same order the tenant will be paying the amount of €3000/month until 30/11/2024. It is considered as an excellent opportunity for land developers and individuals.
Property
For sale
Covered area
559 ㎡
Swimming pool
No
Posted
13 Sep 2024
Reference Number
AKINIA-159092 | 9878
Country
Cyprus
District
Exact map location
No