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The building is located in one of the most upgraded areas of Larnaca, near the Radisson Blue Hotel. This plot/building has an extremely high investment potential, as the government is planning 1.2 billion in investment in the area over the next few years.As of now, the building is leased as a gym, but the contract can be terminated if it is sold.Building densities are currently 120%, but they can be revised in the future to include more floors. Demolition and development for residential or commercial purposes are possible for the new investor.
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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