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Mixed Use Project
Faneromeni, Larnaca
Offers in the region of

€524,000  ($608,366)

UNDER OFFER
Bank Owned Property
Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

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

Key features

  • Listing ID: 1425590 (altia2248)
  • Total covered area: 210 sqm
  • Plot: 495 sqm

Description

In Close Tender Process
Deadline: Wednesday 10\/12\/2025 until 13.00 p.m.
Please contact us for more information.

Semi-detached 3-storey building consisted of three floors with 1 big shop (6 united units) on the ground floor and 4 apartments in total, 2 units on first floor and 2 units on the second floor and 6 parking spots.

The building is consisted by:
- Ground Floor shop with enclosed area 210 sq.m. with mezzanine 110sq.m.
- Apartment 101 on the first floor with enclosed areas 122 sq.m. and 24 sq.m. covered balconies.
- Apartment 102 on the first floor with enclosed areas 80 sq.m. and 12 sq.m. covered balconies.
- Apartment 201 on the second floor with enclosed areas 110 sq.m. and 22 sq.m. covered balconies.
- Apartment 202 on the second floor with enclosed areas 80 sq.m. and 12 sq.m. covered balconies.

The property is located in a very central location of Larnaca just 85m from the motorway on a walking distance of many amenities such as schools, supermarkets and services.

Covered area of approx. 610 sq.m. and approx. 110 sq.m of mezzanine space.

It is noted that the building is occupied.
The next court hearing is scheduled for 03\/03\/2026.
The property falls within Zone \u039a\u03b13, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.

Energy Category: Z","locale":"en"}],"disclaimer":[{"value":["The property is owned by Eurobank Limited.","The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).","The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area.","Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.

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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
€17,560 ($20,387)
If buying on joint names
€14,160 ($16,440)

Disclaimer - Property reference 1425590. 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.