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Pay in USD and save up to $52,659Commercial building in Agios Fanourios quarter of Aradippou Municipality. It is situated at a distance of 1 km northwest of GSZ Stadium and 280 meters south of “LIDL” supermarket. The area of the property designates a plethora of amenities and services such as supermarkets, schools, shops etc. In addition, it has excellent access to the motorway and the city of Larnaca.The building consists of a ground floor showroom, a mezzanine, two upper floors with office spaces and a basement.The ground floor area/showroom is 400 sqm (approx.) plus 200sqm the mezzanine and 700 sqm the basement. The 1st and 2nd floor of the building has total area of 700 sqm.It is noted that the ground floor and the mezzanine level is rented for €2000/month while the rest of the building is vacant. By renting out all the units of the building, the property can offer a high yield of over 5%.
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.
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