Three bedroom detached bungalow found on a nice commercial plot with total area of 509m² and situated right on a main commercial avenue. Even though the specific bungalow is liveable at the moment, it requires full/complete renovation to become a beautiful place for someone to live in. Property requires either full full renovation or complete demolishing and constructing a new building. The plot has rather a rectangular shape with a good frontage to the main avenue. The immediate area is characterised as a commercial area with shops, offices and restaurants where in the past few years, it has experienced significant level of growth. The property falls within the Commercial Planning Zone Εβ5 with a building density coefficient of 120% and a coverage coefficient of 50% over 3 floors and 11,3 m height. The building permission of the land allows to build residential villas, apartments, offices e.t.c.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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