Investment Opportunity | Apartment Building with 8 Units & Basement | Katholiki, Limassol

Located in the highly sought-after Katholiki Parish, in the heart of Limassol Municipality, this apartment building presents an excellent investment opportunity in one of the city's most central and established residential areas.

The property enjoys immediate access to schools, supermarkets, banks, shops, restaurants, public services, and the Limassol motorway, making it highly attractive for both long-term tenants and investors seeking stable rental income.

Built in 1986, the property is arranged over three floors plus a spacious basement and comprises eight self-contained apartments.

Property Highlights
Prime central Limassol location
300 m² plot
Approximately 336 m² internal covered area
Approximately 16 m² covered verandas
220 m² basement
8 Apartments
6 One-bedroom apartments
2 Two-bedroom apartments
Total of 10 bedrooms
8 bathrooms
North-facing
Rectangular, level plot
Excellent investment potential
Walking distance to everyday amenities
Easy motorway access

Layout
Basement (220 m²)
Large storage area
Ideal for storage, utility use or future conversion (subject to permits)
Ground Floor
Three one-bedroom apartments.

Each apartment includes:

Open-plan living and dining area
Kitchen
One bedroom
Bathroom
First Floor
Three one-bedroom apartments with the same layout.
Second Floor
Two spacious two-bedroom apartments.

Each apartment includes:

Living room
Separate kitchen
Two bedrooms
Family bathroom
Planning Information
Planning Zone: Κα3
Building Density: 140%
Coverage: 50%
Maximum Floors: 4
Maximum Height: 17 metres
The planning parameters provide additional long-term development potential, subject to obtaining the necessary approvals.

Ideal For
Buy-to-let investors
Residential rental portfolio
Corporate housing
Student accommodation
Staff accommodation
Redevelopment or refurbishment project
Income-producing asset with value-add potential
Key Features
✔ Prime central Limassol location

✔ 8 Apartments

✔ 10 Bedrooms

✔ Basement (220 m²)

✔ Walking distance to amenities

✔ Easy motorway access

✔ Development potential

✔ Excellent rental demand area

✔ Established residential neighbourhood

How many apartments are included?
The property consists of 8 apartments:

6 one-bedroom apartments
2 two-bedroom apartments
What is the total covered area?
Approximately 336 m² of internal covered areas, plus approximately 16 m² of covered verandas and a 220 m² basement.

What is the plot size?
The property stands on a 300 m² plot.

Is the building fully residential?
Yes. The building is arranged as residential apartments.

When was the building constructed?
The building was constructed around 1986.

Is there a basement?
Yes, there is a spacious 220 m² basement, currently used as storage.

What planning zone is the property in?
Planning Zone Κα3.
What are the planning parameters?
Building Density: 140%
Coverage: 50%
Maximum Floors: 4
Maximum Height: 17 metres
Is the property suitable as an investment?
Yes. Its central location and apartment configuration make it suitable for long-term rentals, employee accommodation, or refurbishment into a modern residential investment.

What amenities are nearby?
The property is close to:

Schools
Supermarkets
Banks
Shops
Cafés and restaurants
Public services
Bus routes
Limassol city centre
Motorway connections
Is the location convenient?
Yes. Katholiki is one of Limassol's most central and well-connected residential areas, offering excellent accessibility and strong rental demand.