Investment project in Limassol / Historical Center №236214

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. Plot size 465m2, ground floor covered area 185m2 with covered veranda 28m2, first floor covered area 134m2 with covered veranda 35m2, total area: 382m2. 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.