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Restoration project in the heart of limassol

Limassol, Historical Center
Posted: 21.10.2024 13:16 Ad ID: 5122425
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  • Area: 382 m²
  • Type: Building
  • Condition: Resale
  • Plot area: 465 m²
  • Energy Efficiency: N/A
  • Square meter price: €3.665 /m²
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This is an amazing opportunity to renovate an old historical building located at

Agiou Andreou street, the road parallel to the seaside promenade

Plot size: 465 m2

Ground floor: listed building covered area 185 m 2 with covered veranda 28 m2

First floor: listed building covered area 134 m2 with covered veranda 35 m2

Total listed building area: 382 m2

Renovation benefits from the government :

Subsidy for the renovation by cash €90.000

Subsidy by charismatic building factor €120.000

Building zone

PA 4, PA7, which gives the opportunity for the mixed use of the building as a restaurant, residential, or commercial.

Density available for sale: extra density in total of 549 m2.

Extra density in total of 549 m2, of which 350 m2 can be used for the existing plot or sold for €781 per 1 m2 of the extra density.

In total it will give an extra value for the building in the amount of €429.000

Reg No 1013, License No 517/E

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  • Legal inspection:
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€1.400.000
€3.665/m²
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Posting since sep, 2021

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