Residential building for sale in Limassol

This residential 2-floor building is perfectly located in the heart of Limassol, in Kapsalos area, close to all the necessary services and amenities, with easy access to all the main roads of the city. It is a great opportunity for investment as is situated in a plot of 524m2 which falls in the residential zone Ka4 with a density of 120% and a coverage of 50%. The existing building which can be renovated has 2 floors so the future owner has the option to develop one more floor.

The ground floor of the building was built in 1983 and the first floor was built in 1996 with the following measurements and specifications:

Ground floor:
-Indoor area: 192m2
-Covered veranda: 21m2
-3 bedrooms

First floor:
-Indoor area: 205m2
-Covered veranda: 7m2
-3 bedrooms

Please note that the building has parking entrances on both two sides and a generous area for more parking spaces at the back side of the plot.

The building will be delivered vacant.

Plot development characteristics:
- Plot Area: 524m2
- Density: 120%
- Buildable area: 629m2

The property is not subject to VAT.

Contact us for a viewing.