Building in limassol - b-97941

Limassol district, Lemesos
Posted: 14.01.2019 12:15 Ad ID: 2190448
Building in limassol - b-97941-1
  • Reference number: B-97941
  • Condition Resale

This rare property is the epitome of a listed city Mansion, nestled in the heart of the old town on Limassol’s most picturesque and historic residential street. Built in the mid 1950’s the mansion spans on a 730m² plot over 2 floors as well as mezzanine and loft spaces, blending of one of history’s most recognizable design periods with more contemporary elements. Unlike most other listed Mansions of the old town, this property includes parking and a very large private garden of over 500m².The existing house which is over 15 rooms and lounges, from en-suite bedrooms with double facing balconies over the gardens, kitchen, dining rooms, library and hamam bath. The location is 400 metres from the Limassol Marina and old port therefore is the ideal opportunity for refurbishing into a Boutique Hotel, offices or student halls of residence. DUE TO THE LISTED STATUS THE PROPERTY PRESENTS A NUMBER OF BENEFITS TO THE POTENTIAL BUYER. THERE ARE OVER 800M² OF UNUTILIZED COEFFICIENT THAT CAN BE SOLD SEPARATLY TO ANY DEVELOPER. 50% OF RENOVATION COSTS ARE REFUNDED BY FURTHER INCENTIVES FROM THE GOVERNMENT. RENTAL INCOME IS TAX FREE. FULL RENOVATION COST IS DEDUCTED FROM INCOME TAX.

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Blue sky properties

Posting since feb, 2017

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