Build­ing Com­plex For Sale In Limassol

#13587 Building Complex For Sale In Limassol

Building complex which consists of two detached mixed-use buildings in Petrou & Pavlou quarter of Limassol Municipality. It is located at a distance of 400 meters (approx.) northwest of the intersection of Arch. Makarios Avenue III and Petrou Tsirou Avenue and 100 meters (approx.) west of  Apostolon Petrou & Pavlou church.

The property is ideally situated on one of the busiest streets of the area and it is located close to numerous services and amenities.

Within the plot there are two mixed use buildings, a four-storey building  on the eastern part (facing Petrou Tsirou Avenue) and a three-storey building on the western part (facing Kallikratous steeet).

The eastern (four-storey) building consists of three shops on the ground floor and three flats on the upper 3 floors (one on each floor). The shops have a total/combined internal area of (approx.) 126sqm and a mezzanine with a total/combined area of 96sqm while the flats, which have similar characteristics, have a total/combined internal area of (approx.) 429sqm and a total/combined covered veranda area of 69sqm.

The western (three-storey) building consists of four shops on the ground floor and four flats on the upper 2 floors (2 & 3 bedrooms). The shops have total/combined internal area of (approx.) 174sqm and the total/combined mezzanine area of 147sqm while the flats have total/combined internal area of (approx.) 376sqm and a total/combined covered veranda area of 80sqm.

It is noted that the buildings are more than 45 years old and need repair & renovation.

The property falls within the Residential Zone Ka4 (50%), having a building density coefficient of 120% and within the Commercial Zone Eb5 (50%) having a building density coefficient of 120%.The plot has a total land area of 948sqm and allows the construction of mixed-use buildings with a total covered area of 1137sqm.

The total existing area of the buildings is approximate 1,105sqm.

The whole building complex is rented for €4,590/month.

The building is considered an ideal choice for investment.

Main information
  • Region Limassol
  • District Centre
  • Location Centre
  • Sale price €1,350,000
Details
  • Year built 1977
  • Area 1105 m2
  • Plot size 948 m2
Features
  • Title deeds
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