Presenting this prime listed building in the heart of Limassol’s Old Town, blending traditional architectural character with modern development potential. The property features an existing listed building on a 427 sqm plot, with 213 sqm of existing internal area, plus plans for 172 sqm of new construction, an 86 sqm rooftop area, and 2 parking spaces.
With an asking price of €1,300,000 (0% VAT) and an estimated construction cost of €700,000, the total investment is approximately €2,000,000. The estimated average rental income of up to €17,500 per month offers an attractive rental return of up to 10.5%.
This property offers an excellent opportunity for investors seeking a distinctive asset in one of Limassol’s most vibrant, sought-after locations, with strong potential for both capital appreciation and rental income.
Specifications:
- Covered Area: 213m2
- Plot Area: 427m2
Price: €1.300.00 (No VAT)
Contact us for a viewing.
