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The property contains three adjacent residential zoned land parcels containing a supermarket, a warehouse and a parking area located in the Frenaros Community in Famagusta.The property is leased to a known supermarket company. Further details are available upon request.The supermarket comprises circa 550 sqm on the ground floor and circa 25 sqm of mezzanine used as storage space.The building within the parcel is used as office space and warehouse.The property has frontage of circa 18m along the street.The immediate area is considered to be mainly residential with some commercial properties, whereas in the wider area large parcels of undeveloped land can be observed.The supermarket’s catchment area includes four surrounding villages (Frenaros, Sotira, Derinia and Liopetri).The asset enjoys good accessibility to the surrounding areas.
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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