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Mixed Use Project for sale in Xylofagou, Larnaca

Xylofagou, Larnaca, Cyprus
Mixed Use Project for sale in Xylofagou, Larnaca 199 Xylofagou
Offers in the region of
650000 €650,000  ($707,403)
Address Estate Agents
Mixed Use Project
Xylofagou, Larnaca
Offers in the region of

€650,000  ($707,403)

BuySell's Choice
One of BuySell Cyprus Real Estate favourite property
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!
Compared currency flag Pay in USD and save up to $24,759

Average Bank Rate (€650,000)
1 USD = 0.8878 EUR
$732,162

Mid-market rate (€650,000)
1 USD = 0.9189 EUR
$707,403

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1381288 (altia2191)

Description

An excellent investment opportunity in a mixed-use building in Xylofagou, Larnaca.
The property is located in the center of the community and within walking distance to amenities and services, such as restaurants, bars, supermarkets, bakeries, pharmacies etc.
It consists of two blocks with 19 units in total, 4 shops & 15 apartments.
The northeastern block was constructed around 1990 and consists of 4 shops with mezzanine, 2 apartments on the mezzanine and 4 apartments on the 1st floor.
The southwestern block was constructed around 2005 and consists of a covered parking space at the ground floor, 5 apartments on the mezzanine and 4 apartments on the 1st floor.
Both blocks are connected with communal staircase and lobby.
A certificate of final approval has been issued for the north-eastern block.
South-western block building permits should be renewed and separate title deeds could be issued subject to issuing relevant permits and proceeding to legalizations within the property.
The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.
The asset is located approximately 1.8km from A3 motorway, approximately 350m from Xylofagou community center and approximately 2.7km from the beach.

Buying expenses

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.

Stamp Duties
If buying as an individual
€1,208 ($1,314)
If buying on joint names
€1,208 ($1,314)
Transfer fees
If buying as an individual
€22,600 ($24,596)
If buying on joint names
€19,200 ($20,896)

Disclaimer - Property reference 1381288. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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