Against the backdrop of significant growth in demand for commercial real estate, Altamira Real Estate has put up for sale a unique corner commercial plot located in the heart of Limassol . This plot of 1,156 sq.m. is located in the prestigious and attractive part of Katholiki area, at the intersection of Archbishop Makarios III Avenue and Larnakos Street , just 200 meters from ERA Apollon Shopping Mall and 170 meters from Petros Avenue. Tsiru .
The plot falls under two zones: 46% of the area belongs to the commercial zone Eb2, and the remaining 54% to the residential zone Ka 3. The total development area can reach 1,830 sq.m. , which provides many opportunities for the construction of both residential and commercial facilities. There is a possibility of constructing several buildings.
The site represents a promising investment as it can be used for a variety of purposes: a medical centre or clinic, office space or showrooms on the ground floor, or mixed use with residential apartments at the rear of the site and commercial buildings at the front. The site also includes an existing building with a mezzanine and basement, which will be vacated by 30 November 2024.
Additional advantages of the site include proximity to schools, supermarkets and bus stops, making it even more attractive for both commercial and residential development. Demand for office space, shops and apartments in this area is traditionally high, and the supply of similar sites is extremely limited, making this property unique on the market.
The price of the plot is €2,500,000, which, combined with its location, makes this purchase an attractive investment opportunity for developers and private investors with an expected return of over 7%.
The tender auction takes place every Tuesday at 10:00 am. Interested buyers can view the offer on the company’s website www.altamirarealestate.com.cy and submit their bids with prices below the stated price.
