€125,000 $130,931
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Pay in USD and save up to $4,583Key features
- Listing ID: 1466806 (altia2297)
- Total covered area: 34 sqm
- Plot: 1052 sqm
Description
INCOME PRODUCING PROPERTY WITH A CURRENT ANNUAL RETURN OF ABOUT 6.75% + 10% INCREASE EVERY TWO YEARS
The property is a ground floor retail shop, and is primely located in Apostoloi Petros kai Pavlos quarter within Limassol Municipality.
It is located onto Vasileos Konstantinou avenue with frontage of approx. 3.5m and enjoys excellent access to all amenities and town centre.
The shop is a part of the building known as ATA LEZA Court comprises of 16 units in total (5 shops & 11 flats) and is currently tenanted paying a high return.
There is a separate title deed for this property.
The asset is located approximately 130m from B8 motorway, approximately 2km from Limassol city centre and approximately 2.5km from the beach.
The property falls within a duel Zone:
- Κα4 (50%), with a building coefficient of 120%, coverage of 50%, and permission for 3 floors (13.5m) of construction.
- Εβ5(50%) , with a building coefficient of 120%, coverage of 50%, and permission for 3 floors (13.5m) of construction.
GPS coordinates: 34.686464, 33.026236
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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