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Incomplete building in Mazotos community of Larnaca district. The property is situated on the touristic area of Mazotos where there is scattered touristic units with peak activity during summer periods.
The building for sale is part of a residential complex with 17 houses, in total, that were constructed around the year 2008. It is noted that the units have separate title deeds.
According to the building permit, the incomplete building for sale is a shop with a mezzanine where the reinforced concrete structure and part of the brick walls were completed.
The shop has a total covered area of approximate 206sqm plus mezzanine of 105sqm (approx).
It is noted that the title deed of the property corresponds to the unexhausted building rights (No 18 on the ground floor) and it is situated on the northwestern part of the complex. In addition, it has an exclusive right of use of 10 uncovered parking spaces No. 81, 82, 83, 84, 85, 86, 87, 88, 89 & 90 ( with a communal ownership share 6.79%).
It is consider as an ideal choice for investment.
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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