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The asset is a mixed-use two storey building in Larnaca city center. The building has a corner position with a total frontage of 70m. It comprises storage space on the ground floor and two apartments on the first floor.
Each apartment consists of a hall area, living room, kitchen, guest toilet, bathroom and three bedrooms. Out of the two apartments, one has a barbeque area on the covered veranda.
The apartments are occupied with long term leases, for a tenancy period of 25 years. Additionally, the ground floor is leased to a charitable organization.
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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