Commercial Building for Sale in Limassol – 20355

Commercial Building for Sale – Makariou Avenue, Central Limassol
Asking Price: €6,600,000

📍 Prime Central Location | High Visibility | Premium Development Potential

🔹 Key Building Features:

Total Covered Area: 1,927.12 m²

Ground Floor: 705.47 m² (includes bank premises)

Mezzanine: approx. 280 m²

1st Floor: 562.56 m² (includes office space and additional banking area)

Basement: 379.09 m²

Plot Size: 1,575 m²

🏗️ Zoning & Planning Data:

Zone: Eb2 – Commercial

Building Density: 180%

Coverage: 50%

Maximum Floors Allowed: 6

Maximum Building Height: 24 meters

Buildable Area according to regulation 11.73.2(b):

Up to 2,835 m²

Additional 30% (upon approval) = Total 3,686 m²

🕰️ Construction & Renovation Timeline:

Original Construction: 1967

Extensions / Renovations: 1983, 2001, 2004

—

🏢 Layout & Usage Breakdown:

Ground Floor:

High-visibility retail frontage on Makariou Avenue

Banking hall

Mezzanine:

Ideal for back-office functions or additional offices

1st Floor:

Additional banking space (195 m²)

Office areas (200+ m²)

Basement:

Suitable for storage or technical infrastructure

—

🚗 Parking & Outdoor Areas:

16 parking spaces (located to the side and rear of the building)

Front-facing open area of 101 m², ideal for customer access

Elevator servicing all floors

—

💼 Ideal Investment For:

Banking Institutions

Corporate Headquarters

Mixed-Use Development (Retail + Offices)

Redevelopment or Full Renovation into a High-Spec Property

📌 Important Note:

1. In the event of demolition, the property qualifies for development of up to 13 floors.

2. This is one of the most sought-after locations on Makariou Avenue in Limassol.