Villa for sale
Paphos, Cyprus
£1,367,638 *
[€1,600,000]
Full Description
HIGH POTENTIAL - PROPERTY INVESTMENT
Arch. Makariou III Avenue – FOR SALE COMMERCIAL “LISTED” BUILDING in Paphos, Cyprus
Facts and Benefits
SUBSTAINABLE URBAN DEVELOPMENT AREA
Major infrastructure and upgrade of Arch. Makariou III Avenue area
Traditional Market shopping centre area
Major night life centre with ample of food & beverage facilities.
Surrounded by major Commercial Services and facilities
A MULTIMILLION euro reconstruction for the area upgrade
Vast number of public parking spaces
Pedestrian only area with children facilities
Easy access and frequent Public Transportation Service
Protected and listed area controlled by the council authorities
Local and Tourist Attraction
Future Economic Growth
Increase of Local Investment and Entrepreneurship
Financial Benefits Listed Buildings
Listed Buildings carry a high building coefficient, which can be transferred or sold once the preservation of the building has been completed according to the Town Planning.
The government grants a considerable amount of funds (40%) for the preservation cost of Listed Buildings.
All rental income is tax free for life.
No property tax is imposed for listed buildings.
No transfer fees on its purchase
Amnesty of the square meters
Building Size
Building Covered Area: 360 m2
Mezzanine: 102 m2
Uncovered Area: 50 m2
Building Zone Characteristics
Building Coverage - 180%
Number of Floors - 4
Building Height - 13.1 m
Price €1,600,000 No VAT & No Transfer fees
(The Building is falls within the category of Listed Buildings Restrictions)
Read more
