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Neapolis, Limassol

€175,000  ($199,019)

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 $6,966

Average Bank Rate (€175,000)
1 USD = 0.8496 EUR
$205,985

Mid-market rate (€175,000)
1 USD = 0.8793 EUR
$199,019

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: 8117619 (39992)
  • Plot: 50 sqm

Description

This asset concerns a 50% divided share of a ground-floor retail shop located in the highly sought-after Neapolis quarter of Limassol Municipality, one of the city’s most vibrant coastal and commercial districts. The property enjoys an excellent position approximately 230 metres from the coastline, within close proximity to key city landmarks such as Limassol Zoo, Agios Nikolaos roundabout, and Georgiou Griva Digeni Avenue. The shop is strategically bounded by three major roads: • 28th October Avenue (coastal road) to the south, • Archbishop Makarios III Avenue (commercial road) to the west, and • John Kennedy Street to the north. The subject unit (Shop No. 434, Door No. 6B-Γ) is situated on the ground floor of Block H, a ten-storey building with a semi-basement, constructed in 1988. The 50% share corresponds specifically to the eastern part of the shop, as clearly defined in the signed and submitted distribution agreement. The overall project has undergone successful horizontal division, with separate title deeds issued for each unit. The subject shop benefits from a separate title deed, with ownership shared 50% with the adjacent unit. Internally, the shop comprises an open-plan layout and a WC, finished with ceramic flooring and equipped with split-unit air conditioning. A green area separates the shop from the street, enhancing its frontage and pedestrian environment. Investment Highlights • Income-producing asset • Currently rented, with a lease structured in two consecutive two-year periods o 1st period expires 30/09/2027 with gross yield of 5.5% o 2nd period expires 30/09/2029 with gross yield of 6.2% Overall, this property represents a solid commercial investment in a prime Limassol location, offering secure rental income, clear ownership structure, and long-term capital potential driven by proximity to the seafront and major commercial arteries. There is a Distribution Agreement in place. Energy Performance Certificate is pending.

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€3,600 ($4,094)
If buying on joint names
€2,675 ($3,042)

Disclaimer - Property reference 8117619. 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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