For Sale: Historic Listed Building in Central Limassol – Rare Investment with Government Incentives
For Sale
Features
Details
Building Type:
Mixed-use Building
Floors Building:
2
Areas
Plot size:
278m²
Main Features
Secure Door:
City View:
Door Phone:
Description
A premium investment opportunity in one of Limassol’s most central and sought-after locations. This historic listed property sits on a 278 sqm corner plot with 25 meters of street frontage along Agiou Andreou and Zenas Kanther streets. It comprises a ground-floor residence (107 sqm), a shop (48 sqm), and a first-floor residence (170 sqm), with an additional 26 sqm of verandas. The site is square in shape, has a level topography, and benefits from visibility on three roads. It is within walking distance to the beach and main commercial streets.
Key Property Details:
Total Land Area: 278 sqm
Planning Zone Ratio: 180%
Ground Floor: 107 sqm
Shop: 48 sqm
First Floor: 170 sqm
Verandas: 26 sqm
Corner plot with three road frontages
Prime central location
Benefits of Investing in Listed Buildings:
Government cash grant for up to 50% of restoration costs (max. €100,000)
Bonus building density that can be sold to recover 50% of restoration cost
Transfer or sale of unutilized building coefficient upon completion of preservation
Tax-free rental income
Exemption from property tax
Refund of transfer fees
Key Property Details:
Total Land Area: 278 sqm
Planning Zone Ratio: 180%
Ground Floor: 107 sqm
Shop: 48 sqm
First Floor: 170 sqm
Verandas: 26 sqm
Corner plot with three road frontages
Prime central location
Benefits of Investing in Listed Buildings:
Government cash grant for up to 50% of restoration costs (max. €100,000)
Bonus building density that can be sold to recover 50% of restoration cost
Transfer or sale of unutilized building coefficient upon completion of preservation
Tax-free rental income
Exemption from property tax
Refund of transfer fees