Commercial property 700 m² in Limassol, Cyprus
Cyprus, Limassol
€4,50M
€6,429/m²
Location
Property characteristics
Property parameters
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Price per m²€6,429/m² -
Total area700 m²
Description
Commercial building for sale in the prestigious area of Plateia Heroon, Limassol. Total useful and other areas in the building are around 700 sq.m.
1st floor:
on the east side, facing the park, there is a cafe-restaurant, with a separate kitchen, a dedicated area for washing dishes, a separate bathroom and shower for staff, as well as a fire exit. Also, 2 men's and 2 women's toilets.
There is a license that can be renewed after renovation.
on the west side, facing the park, there is a nightclub that had a cabaret license, which can be renewed after renovation.
Separate dedicated bar area, stage, balconies for guests, dance floor, men's and women's restrooms, separate fire exit, and a passage to the kitchen for serving food.
2nd floor:
large veranda overlooking the park, with toilets for men and women
office
a large hall that can be adapted as a restaurant, a venue for conferences, meetups, etc. Also, 2 men's and 2 women's toilets. Separate fire exit.
The building's advantages:
Existing permits that can be renewed after renovation
Historical building - rental income is not taxed
All infrastructure is for a full-fledged recreation center.
Since the facade of the building is located on the square, you can get permission to have tables right on the square
The square is planned to be converted into a completely pedestrian area by 2024 - traffic will increase significantly
There are unsold square meters for resale and/or completion of other properties
There is an opportunity to sell the company itself (a new one was created for this transaction), thus avoiding even the costs of transferring the title
Very flexible possibility of accepting payment for the building
Uniqueness of the building - there will be no more buildings of this kind in this location
Potential for price growth after repairs and license
Updated at: 01/06/2024
Location on the map
Cyprus, Limassol
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