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Mixed-use building in Larnaca city center

Ref No: 7932

€ 750,000

Description

The asset is a mixed-use two storey building in Larnaca city center. It is located 850m from Larnaca's old harbour and 250m from Arch. Kyprianou avenue.

The building has a corner position, abutting Leontiou Machaira and Kerkyras streets with a total frontage of 70m. It comprises storage space on the ground floor and two apartments on the first floor. The storage space and the apartments have a covered area of 736sqm and 39sqm covered verandas.

Each apartment consists of a hall area, living room, kitchen, guest toilet, bathroom and three bedrooms. Out of the two apartments, one has a barbeque area on the covered veranda.

The apartments are occupied with long term leases, for a tenancy period of 25 years. Additionally, the ground floor is leased to a charitable organization.

Main Features

VAT
No
Occupied
Yes
Status
For sale

Other Features

Land Registry

District
Larnaca
Community
Larnaca Municipality
Reg. No.
5/1354
Sheet/Plan
40/560602
Parcel
1209
Zone
ΕΒ5

Areas

Covered Area
736 m2
Total area
775 m2
Land area
744 m2
Covered verandas
39 m2

Further Features

EPC
Energy Class E
Year of construction
1985

Town Planning

Town planning zone
Commercial
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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