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Three-storey commercial building in Sotiros, Larnaca

Ref No: 8388

€ 2,450,000 (-5.70%) € 2,598,000

Description

The property is a commercial building, built within 3 plots in Sotiros quarter. It is located 200m from 'Ammochostos' stadium and 300m from Spyrou Kyprianou avenue.

It occupies a corner position, and it is build in a land area of 1,812sqm. The building has a covered area of 2,100sqm, covered verandas of 240sqm and a basement of 1,190sqm.

The basement consists of covered and uncovered parking spaces, a warehouse, and WC. The ground floor consists of a large open plan retail area.

The 1st floor, also consists of a large open plan retail area. The 2nd floor consists of a showroom, an office, a server room, storage spaces and a cafeteria with kitchen.

The property is currently rented offering a stable rental yield.

Main Features

VAT
No
Occupancy Status
Occupied
Ownership Share
100 %
Status
For sale

Other Features

Land Registry

District
Larnaca
Community
Larnaca Municipality
Quarter
Sotiros
Reg. No.
1/621,1/622,1/623
Sheet/Plan
40/56W1
Parcel
620,621,622
Zone
ΕΒ5

Areas

Covered Area
2,100 m2
Total Covered Area
2,340 m2
Land area
1,812 m2
Covered verandas
240 m2
Basement area
1,190 m2

Further Features

EPC
Energy Class G
Year of construction
2006

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 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.

Any markings, or designs on the property photos are indicative, for illustration purposes only and may differ from the actual boundaries.

 

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