Whole building for sale near the University of Limassol TEPAK

For Sale / EUR 550.000
+357 70007700
cnicolaou@nicolaouestates.com

Property ID:
VL9629
Office Code:
NVL-6CHNI
Type:
Whole Building
42
2
328
Area:
Town Center
District:
Limassol
Year Built:
1960
Covered Area:
175 m2
Plot Size:
186 m2
  Share this property:
Facebook  Twitter  LinkedIn  Pinterest  Google+  Tumblr  Addthis
  Property Actions:
Print
Request
Bookmark
Bookmarked
Recommend
Metric Conv
Mortgage
Download 1 property image
DESCRIPTION

This building is located very near the University of Limassol (TEPAK - ΤΕΠΑΚ) making it very suitable to convert it to students residences.

According to the Limassol Local Plan, the land falls within the planning zone ‘Πα7’ Core Zone which sets out the following parameters:

Maximum Building Density: 160% 

Maximum Coverage Density: 70% 

Maximum num. Of floors: 3 

The current building is old (1960s) and should be fully renovated in order to be rented out. As per civil engineers opinions, the structure is of good condition which could be reinforced to hold additional development. The current structure has an area of 175m2 and the building density allows to built 298m2 covered areas so any potential buyer can built another 123m2 on top of the existing.  Any potential investor can decide whether to demolish or not the existing building according to his/her wish.




Title Deed available by request.

MAIN PROPERTY FEATURES
For Investment  

This whole building in Town Center, Limassol is being offered for sale at EUR 550.000.

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

Other property suggestions

VL9281
Town Center, Limassol
Whole Building For Sale
For studios
EUR 510.000
For internal use only: NVL-15ANSP
VL8860
Zakaki, Limassol
6 Bed Whole Building For Sale
INVESTMENT OPPORTUNITY NEAR THE CASINO
EUR 680.000
For internal use only: NVL-30LEHA
VL8750
Agia Napa, Limassol
Whole Building For Sale
EUR 650.000
For internal use only: NVL-15ANSP
VL8628
Town Center, Limassol
Whole Building For Sale
EUR 550.000
For internal use only: SAST-38KYGA
VL8496
Town Center, Limassol
Whole Building For Sale
NO V.A.T
EUR 500.000
For internal use only: NVL-38KYGA