A self-contained three-storey mixed-use building in Agios Spyridonas, Limassol, offering a combination of commercial and residential accommodation with a total internal area of approximately 309 m² on a 246 m² plot.
Originally constructed in 1983, the property has undergone internal and external renovation, making it particularly attractive for an investor seeking a multi-unit asset with both commercial and residential income potential.
The building is arranged as follows:
Ground Floor – Commercial / Professional Space | 132 m²
A flexible commercial unit comprising the main ground-floor area together with a mezzanine and semi-basement. The layout can accommodate a variety of uses including company offices, educational premises, showroom, medical centre, retail premises or café, subject to the relevant permissions.
First Floor – 3-Bedroom Apartment | 117 m²
A renovated three-bedroom apartment with upgraded flooring, renovated bathrooms, a new kitchen and refreshed living/reception areas. It also benefits from approximately 10 m² of covered and uncovered veranda space.
Upper Floor – 1-Bedroom Apartment | 60 m² + approximately 60 m² terraces
A spacious renovated one-bedroom apartment complemented by extensive outdoor areas, including approximately 10 m² covered veranda and 50 m² uncovered terrace, with views towards the port. Its layout and outdoor space make it suitable for either long-term or short-term residential use.
The property also includes parking, balcony/veranda areas and storage facilities.
From an investment perspective, one of the property's key advantages is that substantial renovation works have already been undertaken internally and externally, potentially reducing the immediate maintenance and capital expenditure normally associated with a building of this age.
There is currently an application for division/separation submitted to the Limassol District Local Government Organisation (EOA). An application has also been submitted for inclusion under the relevant planning amnesty / regularisation provisions concerning unauthorised constructions associated with the property. Buyers should review the relevant documentation as part of their due diligence.
A strong opportunity for an investor seeking a mixed-use freehold asset comprising commercial and residential units in Limassol.
Serious enquiries only.