We are pleased to present exclusively this rare and unique opportunity of a listed building that is available for sale.
It is located in the most attractive tourist destination of Limassol in between the Old Harbour, Limassol Marina and the Medieval Castle Square. The Medieval Castle was transformed to the District Museum and houses the medieval museum of Cyprus. The area is famous for it's elegant restaurants, cafes, traditional taverns, etc.
Wherever you are, walking or driving, in the area you cannot miss the property as it is visible from Old Harbour side and Castle side and still benefits from the pedestrian street.
The building is in an excellent condition as it was fully enhanced during its complete renovation in 2011 which shows the magnificent traditional architectural techniques and finishes of the walls, the floors, the doors that bring to life the history that counts decades ago in the modern city that Limassol has become.
The building consists of a ground floor of 150m², mezzanine and first floor of 50m² and an amazing roof terrace of 110m² with beautiful views of the Castle Square and Old Harbour Area.
This listed building enjoys the financial benefits under the Law of Listed Buildings which include:
1. Repayment in full of transfer fees when purchasing the building if exceeding Euro 100.000.
2. If rented to a third person, all rental income is tax free
3. Exception from all charges for ownership transfer
4. Exception from yearly property tax
The property is currently rented receiving an annual income of €60,000.
TITLE DEED AVAILABLE!
Don't miss the opportunity to own this historical building and maximise your investment!