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Commercial Building for sale in Limassol Municipality, Limassol

Limassol Municipality, Limassol, Cyprus
Commercial Building for sale in Limassol Municipality, Limassol 3991 Limassol Municipality
1250000 €1,250,000  ($1,354,776)
Commercial Building
Limassol Municipality, Limassol

€1,250,000  ($1,354,776)

Cyprus Properties

Cyprus Properties

Reg.num: 841 / Lic.num: 387/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 $47,417

Average Bank Rate (€1,250,000)
1 USD = 0.8915 EUR
$1,402,193

Mid-market rate (€1,250,000)
1 USD = 0.9227 EUR
$1,354,776

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: 1061540 (22511)

Description

Unique investment opportunity with immediate profit effect and high ROI.

2 Title deeds issued.

• 2 WiFi high speed connections with Cablenet.

• 3 independent EAC (electricity) connections for the shop, 1st floor and 2nd floor.

• New plumbing and electricity provisions.

• New installation of sound proof and UV protection windows with mosquito nets, high quality tiles , 10 brand new inverter AC units.

• New kitchen appliances: kitchen counter tops, sinks, taps, 2 fridges and dishwasher.

• New toilet appliances: counter tops sinks, shower and toilets.

• New lighting inside and outside.

• New remote access panel for the reception management.

The total area is 408m2, located on the land of 204m2, offers 2 floors & a shop with 12 offices/rooms in total.

The property can be used as an office or clinic. The location is very busy 24/7 all year around. The building offers facilities such as 2 kitchens, 3 bathrooms, server room area, reception area on each floor, shop and 4 verandas.

1st floor:

1) A shop with 2 rooms, kitchen and toilet, with separate entrance, facing the main street (approx. 60m2 covered area)

2) An office/apartment with separate entrance, 4 rooms, reception, kitchen, bathroom, 2 verandas, corridors (approx. 100m2 covered area)

3) Verandas of approx. 30m2

2nd floor:

1) An office/apartment with separate entrance, 6 rooms, reception, kitchen, bathroom, toilet, 2 verandas, corridors, server area. (approx. 140m2)

2) Verandas of approx. 20m2

Technical details: Urban Zone: Pa4 Maximum Building Factor: 240% Maximum Coverage Factor: 70% Maximum Number of Floors: 4 Maximum Height (meters): 13.1 meters.

The property is owned by a holding company, so the new owner can purchase the shares of the company (and avoid paying transfer fees in the Land Registry) instead of buying the property.

Initial Price: 1.450.000

NOW: 1.250.000

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
€2,408 ($2,609)
If buying on joint names
€2,408 ($2,609)
Transfer fees
If buying as an individual
€46,600 ($50,506)
If buying on joint names
€43,200 ($46,821)

Disclaimer - Property reference 1061540. 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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