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Building
Athienou, Larnaca
Offers in the region of

€435,000  ($505,064)

Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!

Key features

  • Listing ID: 848001 (121442)
  • Total covered area: 750 sqm
  • Plot: 1129 sqm

Description

Two-storey commercial building in the center of Athienou Municipality in the Larnaca district. The peorpty located at a distance of 150 meters (approx.) southeast of Athienou Town Hall and 170 meters (approx.) north of Panagia Chryseleousa Church.
The property is ideally situated close to many amenities and services. In addition, it has excellent access to the neighboring communities.
The building has a corner location, it was constructed around the year 1995, and comprises a basement, ground floor, and 1st floor. On the ground floor, there is a bank branch, and on the 1st floor, there are office spaces. In addition, it has storage spaces in the basement.
The area of the building is 560sqm (approx.) and the basement is 190 sqm (approx.).

The building for sale is located on two parcels: the whole share of plot 1958 with Reg. Number 0/35251 and 358/852 share of plot 2013 with Reg. Number 0/35611 as specified in section A and red color on the drawing.

The building is rented by a bank for €3070/month with a yield of 8.2%.
The property is an ideal choice for investment as it offers a high yield.

Year built: 1995
Planning zone: Πα9
Building Coefficient: 120%
Coverage Coefficient: 70%
Maximum Floors Allowed: 3
Maximum Building Height (m): 10

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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€14,000 ($16,255)
If buying on joint names
€10,600 ($12,307)

Disclaimer - Property reference 848001. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.