Discover a prime investment opportunity in the heart of Neapolis, Limassol. This property is part of a mixed-use building, strategically just 400 meters east of St. Nicholas Church. Positioned in a vibrant and central location, it is surrounded by an array of amenities including shops, restaurants, cafes, and supermarkets.
The property offers excellent access to the city center, the highway, and Limassol's stunning beachfront. Its location ensures high foot traffic throughout the day, making it a highly sought-after area for real estate investments.
The ground floor of the building features three shops with mezzanines and one apartment. The shops cover a total area of approximately 108 m², while the apartment spans about 112 m², including a covered veranda of around 19 m². At the rear of the plot, there is an older ground-floor structure of approximately 45 m², which holds no economic value.
Situated on a generous plot of approximately 1,168 m², the property falls within both Commercial Zone (Eb3 - 37%, up to 5 floors) and Residential Zone (Ka3 - 63%, up to 4 floors). This division presents a unique potential for future development, especially in case of demolishing the existing structures.
Currently, the property is fully rented, generating €4,500 per month. This makes it an ideal investment choice, offering immediate rental income with future development prospects.
Don't miss this exceptional opportunity to invest in a highly active and desirable location in Limassol. For more details or to arrange a viewing, please contact us today!