Lot -
Auction
Favourite icon active Favourite icon inactive

Mixed-use Building in Katholiki, Limassol

Auction
Cyprus
Mixed Use
Commercial

RESERVE €895.000

Property Viewings

Viewings have not yet been scheduled for this property.

Property Summary

  • Mixed-use detached Building on Arch. Makarios III Avenue in Katholiki quarter, Limassol
  • Prime location.
  • The building comprises three unified shops with mezzanine on the ground floor, four apartments over the two floors above and a basement. 
  • We have been informed that the property comprises a total area of approx. 817 sq.m.  (analytically in the table below).
  • Unexhausted building coefficient available.
  • Built on a 564 sq.m. plot.
  • Partly rented (analytically in the tenancy section below)

Contact Us

Solonas Charalambous
Solonas Charalambous
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

Contact Us

Solonas Charalambous
Solonas Charalambous
Property Agent, here to help.
Panagos & Panagos
Vendor's Solicitor

Downloads

Property description

  • Three-storey mixed-use detached building.
  • The building comprises 3 x shops with mezzanine on the ground floor, 2 x 2-bed apartments on the first floor and 2 x 2-bed apartments on the second floor and a basement
  • Unexhausted building density of approx. 400 sq.m. (This is an estimation. Further examination is advised).
  • The building was constructed in the 1960s.
  • We have been informed that the property comprises a total of 817 sq.m. spread over the basement, ground floor, mezzanine and 2 floors above (analytically in the table below).

Location

  • The property is located in Katholiki quarter, of Limassol municipality and district, under Land Reg. No. 2/36496.
  • The property is located in Limassol’s city centre situated on perhaps the busiest street of the city which runs through the city starting from Agios Ioannis to the west ending to the Enaerios – coastal avenue junction to the southeast featuring a wide range of services and amenities including but not limited to shops, restaurants, schools, banks, gas station etc.
  • The property is ideally positioned at approx. 130 m. east from the popular “Fairways traffic lights” and approx. 140 m. west of “Naafi traffic lights enjoying a great visibility towards Arch. Makarios III avenue.
  • It is also situated approx. 1 km south of Spyrou Kyprianou avenue, approx. 1.9 km south of Polemidia round-about and the Limassol-Nicosia (A1) motorway, approx. 1 km north of Limassol’s historical centre and approx. 1.6 km north of Limassol Marina and old port.
  • The immediate area is predominately commercial with increased motor and moderate pedestrian and cycling traffic throughout the day/week and is surrounded by restaurants, retailers, banks, shopping malls etc.

Tenancy

  • The ground floor of the building is currently rented to a Pharmacy business. The remaining units are vacant.

Zoning

  • The property falls within the Εβ2 Zone which allows for 180% building density, 50% coverage, 6 floors and up to 24 m. height.

Accommodation

The property was not internally inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the property provides:

  • 817 sq.m. building which comprises basement, ground floor with mezzanine and 2 floors above.
  • It is recommended that interested parties undertake their own inquiries to confirm property/building measurements.

Additional Details

Floor 

Unit

Area
(m2)

Basement

Basement

210

Ground

Shop 1

69

Shop 2

39

Shop 3

38

Mezzanine

M1

45

M2

38

M3

10

1st

Apt A

92

Apt B

92

2nd

Apt C

92

Apt D

92

 

VAT

VAT not applicable - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT.


*Terms & Conditions

Islanders Estate Agencies Ltd as a licensed Estate Agent, T/A BidX1 Cyprus Sales, Registration No: 799 / Licence No: 376/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

days hours minutes second seconds Bidding Closed