Whole building for sale near the University of Limassol TEPAK

For Sale / EUR 500.000
357 70007700
cnicolaou@nicolaouestates.com

Property ID:
VL9630
Office Code:
NVL-6CHNI
Type:
House / Traditional
31
2
328
Area:
Town Center
District:
Limassol
Covered Internal Area:
175 m2
Plot Size:
186 m2
Energy Rating:
C
  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  
MAP
This traditional house in Town Center, Limassol is being offered for sale at EUR 500.000.
To arrange an appointment to view this and any other property from our website, please call or email us directly.

Other property suggestions

VL11859
Parekklisia, Limassol
4 Bed House/Detached For Sale
EUR 575.000
For internal use only: MAJ-14ANSO
VL11858
Panthea, Limassol
4 Bed House/Detached For Sale
EUR 500.000
For internal use only: MAJ-14ANSO
VL11843
Parekklisia, Limassol
4 Bed House/Detached For Sale
Only 3 min from the beach a beautiful luxury home!
EUR 540.000
For internal use only: NVL-21LAST
VL11840
Kato Polemidia, Limassol
4 Bed House/Detached For Sale
Ready to walk in
EUR 460.000
For internal use only: NVL-30LEHA
VL11768
Tsirio, Limassol
3 Bed House/Semi-Detached For Sale
EUR 450.000
For internal use only: NVL-36NITH
VL11709
Pera Pedi, Limassol
4 Bed House/Detached For Sale
EUR 550.000
For internal use only: NVL-1PANI
VL11696
Alassa, Limassol
3 Bed House/Detached For Sale
Live away from the City and yet so close
EUR 610.000
For internal use only: NVL-30LEHA
VL11686
Panthea, Limassol
3 Bed House For Sale
EUR 460.000
For internal use only: NVL-38KYGA
VL11673
Amathus, Limassol
3 Bed House/Detached For Sale
EUR 650.000
For internal use only: MAK-38KYGA
VL11671
Amathus, Limassol
2 Bed House/Detached For Sale
EUR 550.000
For internal use only: MAK-38KYGA
VL11670
Linopetra - Columbia, Limassol
4 Bed House/Detached For Sale
EXCELLENT OPPORTUNITY!!!
Reduced from EUR 495.000
EUR 480.000
For internal use only: NVL-13PHHA
VL11662
Pyrgos, Limassol
3 Bed House/Bungalow For Sale
EUR 500.000
For internal use only: IPN-14ANSO
VL11619
Mouttagiaka, Limassol
3 Bed House/Detached For Sale
Reduced from EUR 540.000
EUR 535.000
For internal use only: NVL-14ANSO
VL11513
Pyrgos, Limassol
3 Bed House/Bungalow For Sale
EUR 475.000
For internal use only: NVL-31NACO
VL11451
Pyrgos, Limassol
3 Bed House/Bungalow For Sale
EUR 465.000
For internal use only: PRHS-14ANSO
VL11442
Agios Tychonas, Limassol
3 Bed House/Detached For Sale
EUR 510.000
For internal use only: NVL-14ANSO
VL11309
Moniatis, Limassol
5 Bed House/Detached For Sale
EUR 600.000
For internal use only: NVL-15ANSP
VL11239
Ypsonas, Limassol
3 Bed House/Detached For Sale
EUR 509.000
For internal use only: NVL-14ANSO
VL11195
Pyrgos, Limassol
3 Bed House/Detached For Sale
EUR 480.000
For internal use only: ANE-16MANI
VL11137
Moniatis, Limassol
3 Bed House/Detached For Sale
In the forest
EUR 450.000
For internal use only: NVL-30LEHA