House Strovolos, Cyprus
Strovolos, Cyprus, Greater Nicosia
€275,000
Location
Property characteristics
Description
An Exquisite Un-Restored Listed Property with ready all the license to start renovation in Strovolos
Presenting an exceptional opportunity to acquire an un-restored listed property in the esteemed locale of Strovolos This distinguished residence, situated on 326 sqm plot, offering unparalleled potential for an opulent family home.
Key Property Attributes:
Remarkable Flexibility: The property, with a (Building Ratio) of 120% and (Coverage Ratio) of 70%, provides a canvas for sophisticated expansion, ensuring the creation of an exquisite, bespoke living space. The substantial plot allows for both considerable extensions
Distinct Advantages for Discerning Investors:
Government-Endorsed Financial Support: As a listed property, owners benefit from direct state-sponsored complete maintenance, fortifying the property's preservation and presenting a distinctive advantage over non-listed counterparts.
Strategic Building Factor Transfer: Capitalize on unused development rights by selling the remaining building factor. This not only generates additional income but also serves as a prudent strategy for offsetting maintenance costs, all within the confines of a free market.
Fiscal Prudence: Enjoy tax exemptions and tax-free rental income by meticulously adhering to Conservation Principles. This harmonious blend of financial benefits and cultural preservation renders this property a compelling proposition for the astute investor.
Updated at: 16/07/2024
Location on the map
Strovolos, Cyprus, Greater Nicosia
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