Commercial building in Limassol № 207195

For sale listed building in historical center of Limassol. The building was built in the 1900s and was used as a traditional hostel or motel for the travelers visiting Limassol. It can be renovated and transformed in music hall, hostel, restaurant, etc. Renovation Benefits from government : subsidy for the renovation by cash €90.000, subsidy by charismatic building factor €120.000, building zone PA 4, PA7 which gives the opportunity for the mix use of the building as a commercial property, restaurant, residential or commercial. Density available for sale - extra density in total of 549m2 from them 350 m2 can be used for the existing plot or can be sold for €781 per 1m2 of the extra density, Which in total will give an extra value for the building in amount of €429.000.