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The shop is in Larnaca city center very close to the St. Lazaros church.
Located in a prime commercial area near Ayios Lazaros Church and just west of Foinikoudes Beach, this shop offers excellent visibility and accessibility.
Situated in a mixed-use building constructed in the late '90s, the property (Shop No. 5) features an open-plan customer service area, grilling area, a small kitchen and an internal staircase leading to the mezzanine. The mezzanine consists of two toilets and a storage area.
The property falls within Zone Πα8α, with a building coefficient of 140%, coverage of 70%, and permission for 2 floors (7m) of construction.
The property is currently rented.
The asset starts with a 5.7% yield, increasing every 2 years by 7%, reaching 6.6% by 2030 under a 6-year contract. This structured growth enhances long-term returns.
There is a separate title deed for this property.
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.
Disclaimer - Property reference 1690552. 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.
