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Pay in USD and save up to $15,775For Sale Mixed Use Building - Polis Chrysochou - Paphos
The property for sale is a mixed-use building in Polis Chrysochou municipality of Paphos District.
It is ideally located close to numerous services and amenities and has excellent access to the beautiful beaches of the surrounding area. In the nearby vicinity there are many touristic developments.
The two-storey building it was constructed around the year 2000.
It consists of :
Basement (communal parking space), two shops on the ground floor, one flat on the mezzanine and four flats on the 1st floor.
The corner shop (No.1) has an internal area of 73sqm plus 23sqm mezzanine and covered veranda of 4sqm.
It is noted that the property has exclusive right of use of yard (No. 4& 5).
The shop is rented .
The shop (No.2) has an internal area of 51sqm plus 25sqm mezzanine. It is noted that the property has exclusive right of use of yard (No. 3) and it is split into 2 smaller units.
The shop is rented .
The flat (No. 1) on the mezzanine consists of an open plan sitting area, dining with kitchen area, two bedrooms, bathroom with toilet and covered veranda.
The internal area of the flat is 62sqm (approx.) and the covered veranda is 3sqm (approx.). The flat is rented.
The flat (No. 1) on the 1st floor consists of an open plan sitting area, dining with kitchen area, two bedrooms, bathroom with toilet and veranda. The internal area of the flat is 62sqm (approx.) and the uncovered veranda is 2sqm (approx.). The flat is rented .
The flat (No. 2) on the 1st floor consists of an open plan sitting area, dining with kitchen area, one bedroom, bathroom with toilet and covered veranda. The internal area of the flat is 44sqm (approx.) and the covered veranda is 10sqm (approx.). The flat is occupied.
The flat (No. 3) on the 1st floor consists of an open plan bedroom, sitting with kitchen area, bathroom with toilet and veranda. The internal area of the flat is 24sqm (approx.) and the uncovered veranda is 1sqm (approx.). The flat is rented
The flat (No. 4) on the 1st floor consists of an open plan sitting area, dining with kitchen area, two bedrooms, bathroom with toilet and veranda. The internal area of the flat is 61sqm (approx.) and the covered veranda is 8sqm (approx.). The flat is vacant.
Total building area is approximate 377sqm. and the land area is approximately 276sqm.
The building is considered as an ideal choice for investment with potential for a return/yield of more that 6%.
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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