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Pay in USD and save up to $57,543Spacious commercial building currently used as a showroom, situated in the sought-after area at Larnaca Center. This resale property offers an impressive internal space of 802 square meters plus 635m2 basement. It was constructed in 1990 and sits on a large plot, providing flexibility for a variety of commercial uses. The basement level adds valuable storage or workspace options.
The property in situated at Griva Digeni Avenue which is one of the busiest street in Larnaca. The area is popular for its mix of residential and commercial properties, with shops, banks, and schools nearby. Public transport and main roads are close, making it convenient for staff and customers.
The building is currently occupied by an established business and it is thus suitable for an investor looking for security of income and safety of capital. Yield is around 4% at current asking price.
There are potentially unused development rights allowing for further development on top of the current structure without affecting the tenant.
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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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