Commercial Property for sale in Limassol situated on the prominent Kolonakou Street.

The property includes a ground-floor retail space, a basement and a separate residence located at the rear of the plot.

Architectural plans are already in place for a modern developement comprising three residential apartments, a ground-floor retail space with a mezzanine level, and dedicated underground parking.

1)The ground floor retail space is currently rented (€2,500K). The lease agreement states that in the event of sale, the tenant will vacate the premises if the new owner so wishes.

2) There is a building permit for the construction of the apartment building, but it expired in 2023

Plot area: 319 sq.m

Zoning Details:

Zone Ka7 (4%): Building Density 80% and Building Coverage 45%
Zone Eb6 (96%): Building Density 100% and Building Coverage 50%

Max. Height: 13.5m

It may be subject to VAT