Three Floor Building In Makariou Avenue For Sale (8 Bedroom)

Property Description

Tree floors building in one of the most wanted commercial areas of Limassol at Makariou Avenue! Situated within the Administrative Boundaries of Katholiki area with a total covered area of about 620 sq.m sitting in 564 sq.m land. The subject real estate falls within Eb 2 commercial planning zone which at the time of listing allows for 1.80% of build density, 50% of covering factor 6 maximum number of floors up to 24 meters maximum building height. The building in detail consists of the following parts: Three shops on the ground floor which cover an area of 146 sq.m plus 93 sq.m mezzanines. On the ,2nd floor and 3rt floors, there are two apartments per floor 92 sq.m each and 368 sq.m in its integrity. All the shops on the ground floor have been rented for a long term period at a very good price. The potential buyer has the option either to renovate the whole building or taking the advantage of the high standards of the commercial planning zone to rebuild a new construction up to 6 floors, up to 24 meters maximum height. Without a single shadow of a doubt, it consists of a unique, rewarding, and secure investment opportunity. Please do not hesitate to contact us for any clarification or for on-site viewing.

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