Reference ID: #SA35470
Price details: €1,300,000 +VAT
Commercial Property for sale in Limassol situated on the prominent Kolonakou Street.
The property includes a ground-floor retail space, a basement and a separate residence located at the rear of the plot.
Architectural plans are already in place for a modern developement comprising three residential apartments, a ground-floor retail space with a mezzanine level, and dedicated underground parking.
1)The ground floor retail space is currently rented (€2,500K). The lease agreement states that in the event of sale, the tenant will vacate the premises if the new owner so wishes.
2) There is a building permit for the construction of the apartment building, but it expired in 2023
Plot area: 319 sq.m
Zoning Details:
Zone Ka7 (4%): Building Density 80% and Building Coverage 45%
Zone Eb6 (96%): Building Density 100% and Building Coverage 50%
Max. Height: 13.5m
It may be subject to VAT
