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Commercial building in Apostolos Andreas, Limassol

Ref No: 7037 OFFER ACCEPTED

€ 4,880,000

Description

The asset is a four-storey commercial building in Apostolos Andreas, Limassol. It is located 80m of Makarios III Avenue.
The ground floor consists of a shop with an internal area of 500sqm and 95sqm mezzanine, and a kinder garden private school with an internal area of 545sqm and 530sqm mezzanine. The first floor has an internal area of 439sm and 676sqm uncovered verandas. The floors 2 – 4 have an area of 419sqm each. The 1st – 4th floors are used as a private school.
The asset has a basement of 1,045sqm which consists of a storage room, disabled washroom and 40 parking spaces.
The immediate area consists of commercial and residential developments.
The asset is currently occupied.

Energy Performance Certificate (EPC): Energy Class C

Main Features

40
VAT
No
Occupied
Yes
Status
For sale
Floors
4

Other Features

Land Registry

District
Limassol
Community
Limassol Municipality
Reg. No.
3/36747
Sheet/Plan
54/570504
Parcel
1150
Zone
Κα4

Areas

Covered Area
4,411 m2

Further Features

Year of construction
2004

Town Planning

Town planning zone
Residential
Building density
120 %
Coverage ratio
50 %
Max floors
3
Max height
13.50 m

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.

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