Mixed use building with development potential in neapoli limassol
Located in the sought after area of Neapoli within Limassol, this mixed use two storey building presents an excellent opportunity for investors, developers, or owner occupiers seeking a centrally positioned property close to all everyday amenities and services. The property provides a convenient access to shops, banks, supermarkets, schools, offices, and the wider city center.
Constructed around 1979, the building consists of two ground floor shops and a spacious upper floor residence currently used as office space. Each shop comprises an open plan retail area, toilet facilities, and covered verandas. The upper floor includes a hall, living room, dining area, kitchen, guest toilet, bathroom, and three bedrooms, together with covered verandas.
The total covered area is approximately 293 sq.m. with an additional 33 sq.m. of covered verandas, all set on a generous 617 sq.m. plot. The property falls within the commercial planning zone Eβ3 with a building density coefficient of 160 percent, offering significant future development potential.
The property benefits from existing rental income, as one shop and the upper floor office are currently rented, while the second shop is vacant and available for immediate use or lease. Separate title deed available.
For further information or to arrange a viewing, please contact Kazo Real Estate.
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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