€450,000 $469,350
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Pay in USD and save up to $16,427Key features
- Listing ID: 1487461 (altia170)
- Total covered area: 272 sqm
- Plot: 433 sqm
Description
INCOME PRODUCING PROPERTY - Annual Gross Yield at about 5.7% + Potential Tax Benefits As Listed Property
This property, concerns the ground floor of a two storey listed building located on Eleftherias str. within the historic Katholiki quarter area. It consists the 50% share that corresponds to about 272 sq.m, where the remaining 50% constitute the first floor. The tenant operates within a well known restaurant-events hall, that occupies the ground floor of approx. 225 sq.m. and the mezzanine of approx.47 sq.m.
The asset is located approx. 250m from Navarinou Street, approx. 500m from Molos and in walking distance from Limassol marina..
The property falls within Zone Πα8α, with a building coefficient of 140%, coverage of 70%, and permission for 2 floors (8.3m) of construction.
GPS coordinates: 34.674438, 33.039667
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.
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