Bazaraki
Property 6411478
Limassol · EUR 1,550,000 · 1
Presenting this spacious commercial property located in the highly sought-after Katholiki area of Limassol. Ideally positioned just 10 minutes from the highway and within walking distance of the beach, the property enjoys excellent visibility on one of the city’s busiest streets, making it ideal for attracting high foot traffic and maximizing business exposure. The property for sale is the ground-floor unit, which offers direct access to a rear veranda, as well as internal access to the upper floor that occupies the entire building. The total covered area is 332 sq.m., comprising 58m2 on the ground floor and 274m2 on the first floor, providing generous and flexible space suitable for a wide range of uses, including offices, a boutique hotel unit, or mixed residential and commercial purposes. The building has protected listed status, offering significant tax incentives and adding to its investment appeal. It also benefits from a building coefficient of 1.60, further enhancing its development potential. Constructed in 1918 using large stone, the building is exceptionally solid, with no signs of cracks or subsidence. Its durability has been proven over time, having withstood numerous earthquakes and tremors in Cyprus, which highlights the superior quality of its construction. Situated in a vibrant and well-established area surrounded by banks, shops, restaurants, and schools, this property represents a rare opportunity to acquire a prime asset with strong long-term potential. Specifications: -Covered area: 332m2 - Plot Area: 146m2 Price: €1.550.000 Contact us for further details.
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