This property is a listed building only a few meters off of the Finikoudes promenade. The plot size is 670sqm with both sides, front and rear having a road aspect. There are various benefits and possibilities to develop this site and incentives as follows.
The only plot in the area of this size with a prime location.
Additional 1527 sqm available to develop.
70% coverage / 1.80% up to 2.08% density.
7 floors plus a roof garden that can be developed.
Grant money for the renovation cost of the listed building and part of the new extension, of up to 90,000 euros.
Tax exemption from taxable income to cover part of the renovation cost if the owner is a tax payer in Cyprus.
Money for the transfer will be paid back to the buyer or any other future buyer of the property.
As a general rule rental income generated from renovated listed building is exempt from income tax payment.
