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Mixed-use building in Omonoia, Limassol

Ref No: 7941 OFFER ACCEPTED

€ 1,550,000

Description

The asset is a two-storey mixed-use building in Omonoia quarter, Limassol Municipality. It is located on Omonoias Avenue, 200m from its junction with Paphos street. The building is adjacent to the west of Omonia Avenue with a road frontage of 18m. On its north side, it abuts Afrikis street and on its east side, it abuts Ydras street with a frontage of 48m and 15m respectively.

The asset consists of two shops with a mezzanine on the ground floor and four apartments on the first floor. Two shops & two apartments are vacant whereas all the other units are occupied. There are two 2 bedroom apartments, one 1 bedroom apartment and one 3 bedroom apartment. The building has a covered area of 785sqm, a mezzanine of 240sqm and a basement of 570sqm. It is built within a plot of 878sqm.

Energy Performance Category for apartments: Energy Class D
Energy Performance Category for shops: Energy Class E

Main Features

VAT
No
Occupied
No
Status
For sale

Other Features

Land Registry

District
Limassol
Community
Limassol Municipality
Reg. No.
1/62509
Sheet/Plan
59/010201
Parcel
484
Zone
ΕΒ4

Areas

Covered Area
785 m2
Total area
1,025 m2
Land area
878 m2
Mezzanine area
240 m2
Basement area
570 m2

Town Planning

Town planning zone
Commercial
Building density
140 %
Coverage ratio
50 %
Max floors
4
Max height
17 m

Town Planning Secondary

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

Legal disclaimer

The asset was repossessed by Gordian Holdings Limited via auction pursuant to Part VIA of the Immovable Property (Transfer and Mortgage) Law of 1965 (L. 9/1965). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). We recommend that you seek independent advice regarding any applicable transfer fees.

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