Limassol District, Katholiki

This asset is a five-storey commercial building located in the Katholiki quarter of Limassol Municipality, Limassol district. The building is adjacent to Archbishop Leontiou Avenue. It is located 180m southeast of the Archbishop Makariou and Archbishop Leontiou Avenues junction and c. 210m east of Alassia Hotel. The asset comprises of a basement parking used as parking space, a ground floor with nine retail shops, all with showroom and mezzanine, and four upper floors of 253sqm each which are used as offices. The wider area of the property is mainly developed with commercial buildings with shops and offices as well as mixed use buildings with shops on the ground floor and apartments on the higher floors. The area, which is in the center of Limassol, is considered the heart of business and commercial activities in the city. The property falls within two planning zones with the following parameters: - Kα3 (Residential) with 140% building density, 50% coverage, 4 floors and a maximum height of 17m.