€1,270,000 $1,321,817
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Pay in USD and save up to $46,264Key features
- Listing ID: 1226998 (43687)
Description
Shop & Office in New Mall of Larnaca. It offers great proximity to shops, restaurants, and more. The building is 10min away from Larnaca's Marina and the famous Finikoudes beach. A 10-minute drive to Larnaca International Airport. The immediate area of the asset comprises of similar mixed-use and residential developments.
The whole building consists of a ground floor shop with mezzanine, plus two extra offices on the mezzanine level. The 1st floor consists of whole floor office space and the 2nd floor consists of 4 flats and 1 office.
For sale is the share of (539/852) corresponds to a large shop on the ground floor with a mezzanine and one office on the first floor (whole floor).
The ground floor area/shop is 490sqm (approx.) plus 240sqm the mezzanine. It is noted that the shop is rented for €3,350/month.
The 1st floor of the building has total area of 575sqm (approx.) plus covered veranda of 70sqm (approx.). It is noted that the office is rented for €3,000/month by a government organization.
The property is rented for a total amount of €6,350/month with a yield if 5.6%.
It is noted that the property has acquired a distribution agreement and corresponds to the sections as specified with red color on the drawing.
This building is ideal for an investment opportunity.
Buying expenses
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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