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Shop
Paphos Municipality, Paphos

€140,000  ($159,929)

Cyprus Properties

Cyprus Properties

Reg.num: 841 / Lic.num: 387/E

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Compared currency flag Pay in USD and save up to $5,598

Average Bank Rate (€140,000)
1 USD = 0.8458 EUR
$165,527

Mid-market rate (€140,000)
1 USD = 0.8754 EUR
$159,929

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: 1838193 (37705)

Description

Shop with a mezzanine in Agios Theodoros quarter, of Paphos Municipality. It is located approximately 230 meters east of the municipal court and approximately 60 meters south of Kinyra Avenue. Shop with a mezzanine in Agios Theodoros quarter, of Paphos Municipality. It is located approximately 230 meters east of the municipal court and approximately 60 meters south of Kinyra Avenue. The property is ideally situated close to a plethora of amenities and services such as shops, restaurants, cafes, supermarkets etc. In addition the property has excellent access to the Municipality Center. It is an excellent location with intense mobility throughout the day which designates an increased demand for commercial properties. The shop (door no. 002) is in a good condition, it has 6 meters frontage (onto Imittou street) and is part of a mixed-use complex called «Imittos Court» which was built in the year 1995. It consists on the ground floor of an office space, a kitchen and two workshops on the ground floor while the mezzanine consists of a warehouse, a workshop and a shower with a WC. It is noted that the property has the exclusive right of use of a covered parking space (No. 11) on the ground floor. The total ground floor area is 77 sqm and the mezzanine area is 39 sqm. (registered area). The property has a separate title deed. The shop is rented for €570/month. According to the asking price the shop has a yield of 4.9%.  The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

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
€2,650 ($3,027)
If buying on joint names
€2,100 ($2,399)

Disclaimer - Property reference 1838193. 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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