This building is situated in the privileged location of Larnaca’s Drosia area, just 10 minute walk away from Finikudes promenade and the town centre and within close proximity to a broad range of local amenities whilst at the same time, only a 5 minute drive away from the airport. This location also offers easy access to the highways leading to Nicosia, Limassol and all major towns in Cyprus.
The building consists of shop with mezzanine on ground floor, basement with storage and parking and a total of 4 apartments on the first and second floors. Specifically there are two 2 bed and two 3 bed apartments.
Basement – 400m2
Ground floor – 350m2
Mezzanine – 175m2
2 beds – 125m2 each
3 beds – 150m2 each
Currently the shop is rented out offering an income of €22,400 per year and 3 of the flats are also rented offering an additional income of €13,800 per year.
The shop was constructed in 1990 whereas the flats are 10 years old.
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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