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Mixed Use Project for sale in Kiti, Larnaca

Kiti, Larnaca, Cyprus
Mixed Use Project for sale in Kiti, Larnaca 424 Kiti
600000 €600,000  ($624,456)
Mixed Use Project
Kiti, Larnaca

€600,000  ($624,456)

Arazo Real Estate

Arazo Real Estate

Reg.No: 851 / Licensed No: 434/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $21,856

Average Bank Rate (€600,000)
1 USD = 0.9283 EUR
$646,312

Mid-market rate (€600,000)
1 USD = 0.9608 EUR
$624,456

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: 1590477 (10242)
  • Plot: 526 sqm

Description

This prime mixed-use property features modern commercial and residential spaces near Panayia Aggeloktisti Church. The building has been constructed in 2008, it includes two ground-floor commercial units: a cafe and a restaurant, both with steady, long-term leases.

On the first floor are two spacious, vacant two-bedroom apartments (door no. 101&102), ideal for rental income.
The rooftop hosts an antenna leased at €1,500 annually through Dec 2028.

- The shop (cafe) on the northeastern side of the ground floor consists of an open plan area used as sitting / service area, a kitchen, an external disabled toilet and a staircase that leads to the mezzanine. The mezzanine has two toilets and an office.
- The restaurant on the southeastern side of the ground floor consists of an open plan area that is used as siting / service area, a kitchen, a storage room, an disabled toilet that has been converted into storage room, a toilet and an internal staircase that leads to the mezzanine. The disabled toilet has been converted into an auxiliary / storage area. The mezzanine consists of two toilets. The restaurant has a food lift that leads to the storage room on the basement.
- The apartment consists of an open plan living/siting area, a kitchen, a guests' toilet, a family bathroom, two bedrooms and a covered balcony. The covered balcony has been converted into a bedroom.
- The second apartment consists of an open plan living/siting area, a guest' toilet, a family bathroom, two bedrooms and a covered balcony.
- The basement consists of 7 parking spaces, a toilet and a storage area. Access to the basement is available through a lift, a staircase and an external ramp.

Enclosed Areas Breakdown:
Cafe: 90 sqm (Northeast)
Restaurant: 98 sqm (Southeast)
Flat 101: 99sqm (1st Floor)
Flat 102: 99sqm (1st Floor)
Basement Parking Area: 354 sqm
Basement Storage Area: 60 sqm

The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.

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.

Stamp Duties
If buying as an individual
€1,108 ($1,153)
If buying on joint names
€1,108 ($1,153)
Transfer fees
If buying as an individual
€20,600 ($21,440)
If buying on joint names
€17,200 ($17,901)

Disclaimer - Property reference 1590477. 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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