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Ground floor shop with a mezzanine located in Aradippou, Larnaca.
The asset consists of an internal area of approximately 324 sq.m. and a mezzanine of approximately 154 sq.m.
The property is being rented until 2026 to a blue chip tenant with a yield of more than 8.8%, and a yearly increase.
The total road frontage of the property is approximately 50m and it represents the 41% share of the whole building and distribution Agreement in place. Pending issuance of a separate title deed as its in the final approval process.
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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