Commercial Development Opportunity on Central Limassol Commercial Axis

This commercial development opportunity is located on Arch. Makariou Avenue in Limassol, offering strong visibility and direct access to the city's wider road network. The property comprises a plot of approximately 350 m² with an existing old commercial building on site.

Based on the information provided, the property falls within town planning zone Eb2, with building density of approximately 180%, site coverage of approximately 50%, up to 6 permitted floors and maximum height of approximately 24 metres. All planning parameters and development potential must be independently verified with the competent authorities and professional advisers.

The existing old commercial building creates a potentially important transaction consideration in relation to VAT treatment. The property is marketed as an existing old commercial building and not as a vacant plot. Any VAT treatment, tax position, title deed conditions and transaction structure must be independently verified by the buyer's legal and tax advisers before any decision or transaction.

Subject to planning, technical and commercial due diligence, the property may be suitable for evaluation for a multi-storey office or commercial building concept. Its central Limassol position may be relevant for companies seeking owner-occupation or investors considering income-producing commercial property, subject to independent feasibility assessment.

The asking price is €750,000. Further details, exact location information and private discussion can be arranged upon qualified enquiry. All enquiries are handled confidentially.