€1,450,000 $1,562,839
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Pay in USD and save up to $54,699Key features
- Listing ID: 1501299 (1046)
- Plot: 547 sqm
Description
This unique commercial plot of 547m2 is located in an ideal position for the development of a state-of-the-art office building. Situated in the meridian between East and West Limassol and a high-demand commercial avenue leading to the city centre. It has quick and easy access to the highway a rectangular shape and even surface.
It constitutes an ideal opportunity for the development of a modern office building.
The plot now hosts a commercial building that was built in 1980 with the following measurements:
1. Ground Floor Shop with Mezzanine and Auxiliary Space: 333m2
2. Flat 1: 76m2 (2-bedroom)
3. Flat 2: 114m2 (3-bedroom)
4. Flat 3: 114m2 (3-bedroom)
Total: 637m2
All flats and shops are currently rented with a monthly rent of €5300 (no statutory tenants apply)
The commercial plot falls into the commercial zone Εβ4 with the following development characteristics:
• Plot Area: 547m2
• Density: 140%
• Buildable area: 766m2
The property is not subject to VAT. Price is negotiable.
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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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