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Pay in USD and save up to $5,400The shop is in Larnaca city center very close to the St. Lazaros church.
Located in a prime commercial area near Ayios Lazaros Church and just west of Foinikoudes Beach, this shop offers excellent visibility and accessibility.
Situated in a mixed-use building constructed in the late '90s, the property (Shop No. 5) features an open-plan customer service area, grilling area, a small kitchen and an internal staircase leading to the mezzanine. The mezzanine consists of two toilets and a storage area.
The property falls within Zone Πα8α, with a building coefficient of 140%, coverage of 70%, and permission for 2 floors (7m) of construction.
The property is currently rented.
The asset starts with a 5.7% yield, increasing every 2 years by 7%, reaching 6.6% by 2030 under a 6-year contract. This structured growth enhances long-term returns.
There is a separate title deed for this property.
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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