Listed building with building permits for restoration

For Sale / EUR 795.000
+357 77775070
pnicolaou@nicolaouestates.com

Property ID:
VL17939
Office Code:
15ANSP
Type:
House / Traditional
Total Floors:
1
31
2
328
Area:
Town Center
District:
Limassol
Completion Date:
1940
Covered Internal Area:
190 m2
Plot Size:
309 m2
Bedrooms:
4
Bathrooms:
1
Energy Rating:
F
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DESCRIPTION

Listed historical building with Town Planning and Building permit for designed to be transformed to 4 independent apartments.

The property benefits from the 1990 Government directive which calculates remaining co-efficient of 240% which gives the buyer the benefit of selling 550m2 at the market price (1000 per M2 at the moment) based on the approved plans.

Additionally, another 85m2 can be sold when the restoration has finished in order to cover up to 50% of the recognised cost of restoration.  For example if the cost of the building is recognised at 800/M2, then the restorer can sell 85m2 at 800/M2.


MAIN PROPERTY FEATURES
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Garden  
Near the Sea  
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This 4-bedroom traditional house in Town Center, Limassol is being offered for sale at EUR 795.000.

To arrange an appointment to view this and any other property from our website, please call or email us directly.

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