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The asset is a ground floor supermarket/ discount store with mezzanine within Larnaca Municipality, Chrysopolitissa quarter, at “Kathari” locality. It is close to the headquarters of Lefkaritis Group of Companies, and approx. 650m southwest of the roundabout that connects Arch. Makariou III with Ammochostou and Spyrou Kypianou Avenues, known as ‘the roundabout of the port’.
The store, with a covered area of about 340m2 and 220m2 mezzanine area abuts into a registered road. The building was constructed in 1981 and has 6 parking spaces that have been converted into a warehouse as an extension of the store. The wider area is characterized by a disorderly development of mainly mixed-use buildings, the majority of which are large-scale and of moderate construction quality apartment blocks, with shops and exhibition halls on the ground floor and apartments on the upper floors.
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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