Commercial Building for sale in Kiti, Larnaca

Commercial building in Kiti Community in Larnaca District. It is located at a distance of 240 meters (approx.) north of the Kiti main road and 580 meters (approx.) northeast of the community center. The property enjoys excellent access to the Larnaca airport and to the neighboring communities and municipalities. It is ideally situated close to all necessary amenities and services such as supermarkets, cafes, bakeries, shops etc.The building was constructed 10 years ago (approx.) and its level of construction and maintenance is good. The building operates as a bank branch. It corresponds to the 246/611 shares of the property with a land area of 2774 sqm (approx.). It is located on the southwestern part of the parcel (Part A on the distribution agreement drawing). The property has a distribution agreement. The total area of the building is 902 sqm (approx.) and the basement 167 sqm (approx.).It is noted that the property with reg. number 0/7526 and an area of 125 sqm (approx.) is also for sale.The building is rented by a Bank for €7000/month and a yield of 6.8%.The property is considered as an appealing investment opportunity. The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.  Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted.  The above price may be modified without any prior notice. All information received from Altamira Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate. District: Larnaca Municipality: Kiti