For Sale: Building, Agia Zoni, Limassol, Cyprus FC-51354

Commercial building for sale in the prestigious area of Plateia Heroon, Limassol. Total useful and other areas in the building are around 700 sq.m.

1st floor:

• on the east side, facing the park, there is a cafe-restaurant, with a separate kitchen, a dedicated area for washing dishes, a separate bathroom and shower for staff, as well as a fire exit. Also, 2 men’s and 2 women’s toilets.
• There is a license that can be renewed after renovation.
• on the west side, facing the park, there is a nightclub that had a cabaret license, which can be renewed after renovation.
• Separate dedicated bar area, stage, balconies for guests, dance floor, men’s and women’s restrooms, separate fire exit, and a passage to the kitchen for serving food.

2nd floor:

• large veranda overlooking the park, with toilets for men and women
• office
• a large hall that can be adapted as a restaurant, a venue for conferences, meetups, etc. Also, 2 men’s and 2 women’s toilets. Separate fire exit.

The building’s advantages:

• Existing permits that can be renewed after renovation
• Historical building – rental income is not taxed
• All infrastructure is for a full-fledged recreation center.
• Since the facade of the building is located on the square, you can get permission to have tables right on the square
• The square is planned to be converted into a completely pedestrian area by 2024 – traffic will increase significantly
• There are unsold square meters for resale and/or completion of other properties
• There is an opportunity to sell the company itself (a new one was created for this transaction), thus avoiding even the costs of transferring the title
• Very flexible possibility of accepting payment for the building
• Uniqueness of the building – there will be no more buildings of this kind in this location
• Potential for price growth after repairs and license