Sale: Prime Commercial Corner Property on Makarios Avenue.

  • Katholiki, Limassol
  • Ref: 33939
€1,550,000
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Property details

  • Property type: Commercial Building
  • Total covered area: 600 m²
  • Plot area: 388 m²
  • Toilets: 5
  • Floors: 2
  • Parking spaces: 5
  • Kitchens: 2
  • Title deed: Yes

Other information

  • Furnished: Partially furnished
  • Status: Resale
  • Energy efficiency rating: Exempt
  • Basement: Yes

Property description

Exceptional investment and owner-occupier opportunity in one of the city's most sought-after commercial locations. This prominent corner property enjoys excellent visibility and exposure on Makarios Avenue, benefiting from high traffic volumes and a prestigious business address.

The existing building comprises two levels, featuring a spacious showroom at ground-floor level and office premises on the upper floor, making it ideal for a wide range of commercial uses. The property is well maintained and in good condition, allowing for immediate occupation or rental income generation.

A key advantage is its significant development potential. Situated within a high-density commercial zone with a building density of 180% and a coverage coefficient of 50%, the plot permits development of up to six floors with a maximum building height of 24 metres. This offers the opportunity to substantially expand the existing structure or undertake a comprehensive redevelopment project to maximize returns.

Additional features include rear parking facilities, a highly visible corner position, excellent accessibility, and a clean title deed ensuring a smooth transaction process.

Property Highlights:

Prime corner location on Makarios Avenue
Existing two-storey commercial building
Ground-floor showroom
First-floor office accommodation
High-profile frontage and outstanding visibility
Building density: 180%
Coverage coefficient: 50%
Development potential for up to six floors (24m height)
Rear parking area
Building in good condition
Clean title deed
Ideal for investors, developers, corporate headquarters, showrooms, or mixed commercial use

A rare opportunity to acquire a landmark commercial property with immediate usability and substantial future development potential in a prime business district.

Features

  • Aircondition, Split system
  • Heating, Split system
  • Parking, Uncovered
  • Solar water heater
  • Alarm system, Provision
  • City view
  • Conference hall
  • Connected to electric mains
  • Double glazing
  • Energy efficient doors/windows
  • Internal stairs
  • Municipal water/sewage
  • Near amenities
  • Near bus route
  • Near public transport
  • Spacious rooms

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