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Two-story building with a basement, located in Paralimni center, just 40 meters east of Archiepiskopou Makariou Avenue It is located in an area that boasts busy commercial activity and a variety of dining options The building was built in 1960 and consists of a basement, a ground floor with mezzanine level and first floor. On the ground floor, there is a retail shop, while on the 1st floor there are two apartments that can be used for residential purposes or as workplaces. The shop on the ground floor has an enclosed area of 120sq.m. and a 60sq.m. mezzanine level. Each apartment comprises two bedrooms and they have an enclosed area of approximately 75sq.m. and 8sq.m. of covered veranda each. The shop is currently rented whilst the two apartments are currently vacant. The desirable location of the property makes it suitable for rental, with a satisfactory rate of return, or for private use.
Enclosed area: 270 m2
Mezzanine: 60 m2
Veranda: 16 m2 Covered
Land: 267 m2
Title deed: The property has a separate title deed
The property is partially rented
Planning zone: Πα8β
Building Coefficient: 120%
Coverage Coefficient: 70%
Maximum Floors Allowed: 3
Maximum Building Height (m): 10
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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