Plot in the core of city center area 13193

Limassol district, Limassol — Historical Center
Posted: 05.03.2020 12:13 Ad ID: 2702426
  • Plot area 304

The Plot has three houses registered on one title deed.

The properties are in the Old Town Centre of Limassol, just a 2 minute walk from the central market area and 10 minute walk from the sea front and marina.

The covered area of all existing buildings is approximately 400 sqm, mixed between part listed buildings and part non-listed.

The site has been the subject of a long and time consuming listed building planning application that recently gained consent with part demolition of the rear listed portion of the listed building.

Consent was granted for a single dwelling of 4 very large bedrooms with ensuites, detached studio, swimming pool, lift, 2 car garaged parking, garden and roof terrace. Part of the listed building to the rear of the site was approved for demolition in order to construct a new building.

The government gives grants for the redevelopment of listed buildings. It is our understanding that the grants consist of 50% of all costs associated with “listed building” works, up to a maximum of 90,000 EUR in cash and the remainder in square meters that can be sold off. Prospective buyers must clarify this.

Should one wish to change the plans for the site, it is far easier now that listed building consent has been granted. The opportunity to build an investment development of student accommodation is extremely popular in the area.

It is extremely rare to have a listed building in the centre of town with covered parking and part demolition of some listed structures. The final product is a house that has all the amenities of a fantastic luxury home with the benefit of “Old Listed Design” mixing with modern comforts in the centre of Limassol.

The price includes all the existing 3 buildings, with the benefit of the listed building planning permission, the building permit and the government grants.

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Posting since feb, 2017

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