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The asset is a well-maintained retail unit on Mesogi Avenue, Paphos. It consists of a 1,000sqm basement, a ground floor area of 980sqm, a mezzanine of 500sqm, and a large area currently used as parking. The building and land reflect the 50% share. It is located next to the industrial area of Mesogi and provides easy access to all amenities, the center of Paphos and the highway. The immediate area consists of residential and commercial developments. The asset is currently vacant. Owner: Gonesil Limited (an SPV of Gordian Holdings Limited)
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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