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Commercial Development
Faneromeni, Larnaca

€645,000  ($743,140)

Arena Properties

Arena Properties

Reg. No: 1015 / Licensed. No: 481/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 $26,010

Average Bank Rate (€645,000)
1 USD = 0.8386 EUR
$769,150

Mid-market rate (€645,000)
1 USD = 0.8679 EUR
$743,140

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: 8088007 (6762)

Description

Shop for sale in Larnaca

The property is a former bank branch on a central avenue in Larnaca.

It consists of a ground floor of 281sqm with a large open space, several partitioned offices, and sanitary facilities. The basement (323sqm) contains storage space, sanitary facilities, and a kitchenette. The property has a total road frontage of 19m.

The ground floor is finished in fitted carpet and ceramic tiles and laminated PVC for the sanitary areas. There is a lowered false ceiling allowing for mobility of services and lighting according to needs. The basement is finished with ceramic tiles. The property has air-conditioning units throughout.

The property is located opposite the municipal garden and theater. The location is very close to the commercial centre of Larnaca near other services and commercial properties, such as banks, retail shops, service stations as well as some of the biggest educational facilities in the city such as Drosia High School and American Academy.

The surrounding area has mixed residential and commercial use with several services for everyday needs like kiosks and bakeries in the vicinity. The wider area is well-developed and consists mostly of residential and mixed-use buildings including hotels and other tourist-related development.

The asset falls within two planning zones:

– Εβ1, with building density coefficient 200%, coverage coefficient 50%, in 6 floors and a maximum height of 24m.
– Κα3, with building density coefficient 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17m.

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€22,400 ($25,808)
If buying on joint names
€19,000 ($21,891)

Disclaimer - Property reference 8088007. 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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