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Building for sale in Larnaca Municipality, Larnaca

Larnaca Municipality, Larnaca, Cyprus
Building for sale in Larnaca Municipality, Larnaca 855 Larnaca Municipality
1100000 €1,100,000 ($1,197,850)
Larnaca Municipality, Larnaca
€1,100,000  ($1,197,850)
Palourtis Estate Agents
Palourtis Estate Agents
Real Estate reg. no. 961 / license no. 279/E
BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $41,925

Average Bank Rate (€1,100,000)
1 USD = 0.8873 EUR

Mid-market rate (€1,100,000)
1 USD = 0.9183 EUR

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: 632868


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.
Covered areas:
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.

Buying expenses

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.

Stamp Duties
If buying as an individual
€2,108 ($2,295)
If buying on joint names
€2,108 ($2,295)
Transfer fees
If buying as an individual
€40,600 ($44,212)
If buying on joint names
€37,200 ($40,509)

Disclaimer - Property reference 632868. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and has no control over the content. This property advertisement does not constitute property particulars.

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