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INCOME PRODUCING PROPERTY WITH APPROX. R.O.I : 6,53%
The property is a ground floor shop with a mezanine facing Anexartisias Avenue Limassol. The shop is long term leased to a famous coffee brand chain, constituting a prime income producing investment asset.
The ground floor is comprised of double doors (main entrance), an open plan area for service with counters / kitchenette and a customer's seating area , 1 wc for handicapped , 1 kitchen / preparation room for the staff with access to the back and seating area for patrons externally. There is a staircase leading to the mezzanine, which is comprised of a passageway with view of the ground floor, 2 toilets for women, 2 toilets for men, 1 storage room for equipment, 1 wc for staff, 1 storage room for food (perishables) and 1 storage room for drinks. It has the exclusive right of use of 4 covered parking spaces numbers 2,3,4 and 5.
The property falls within Zone Πα4, with a building coefficient of 240%, coverage of 70%, and permission for 4 floors (17m) of construction.
GPS coordinates: 34.680260, 33.043302
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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