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Building for sale in Larnaca Municipality, Larnaca

Larnaca Municipality, Larnaca, Cyprus
Building for sale in Larnaca Municipality, Larnaca 1665 Larnaca Municipality
7200000 €7,200,000 ($7,851,673)
Building
Larnaca Municipality, Larnaca
€7,200,000  ($7,851,673)
Palourtis Estate Agents
Palourtis Estate Agents
Real Estate reg. no. 961 / license no. 279/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 $274,809

Average Bank Rate (€7,200,000)
1 USD = 0.8860 EUR
$8,126,482

Mid-market rate (€7,200,000)
1 USD = 0.9170 EUR
$7,851,673

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: 664427 (3241)

Description

This recently renovated trendy hotel with restaurant, right in the heart of Larnaca center, just a few metres from Finikoudes Beach located on Larnaca town palm tree sea front. A few steps to the sandy beach and warm Mediterranean sea. Bar's, Restaurants, Cafe's, Shops, Banks all within walking distance.
Modernly decorated with dark-wood furnishings and double glazed windows, all rooms open to a balcony with side or full view of the Mediterranean Sea.
The building has allowance for 2 more floors.
It also has a restaurant on ground floor that is rented out.
Larnaca International Airport is at 7.6 km and Larnaca Salt Lake around 5 km away.
Key features
6 floors (35 bedrooms)
Hotel is currently rented and offers prospective buyer a yield of approximately 9,000 euros per month
restaurant is currently rented and offers prospective buyer a yield of approximately 5,000 euros per month

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
€14,308 ($15,602)
If buying on joint names
€14,308 ($15,602)
Transfer fees
If buying as an individual
€284,600 ($310,359)
If buying on joint names
€281,200 ($306,651)

Disclaimer - Property reference 664427. 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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