Ref. No. 21371 Shop
€495,000
No VAT
Larnaka Town
Larnaka
Shop
Commercial
604m²
Covered
Sales Agent
Stefanos Constantinou
Property Description
The property is a former bank branch on a central avenue in Larnaca.
It consists of a ground floor of 281sqm with a large open space, several partitioned offices, and sanitary facilities. The basement (323sqm) contains storage space, sanitary facilities, and a kitchenette. The property has a total road frontage of 19m.
The ground floor is finished in fitted carpet and ceramic tiles and laminated PVC for the sanitary areas. There is a lowered false ceiling allowing for mobility of services and lighting according to needs. The basement is finished with ceramic tiles. The property has air-conditioning units throughout.
The property is located at the junction of Griva Digeni and Grigori Afxentiou Avenues and Leonida Kioupi Street, opposite the municipal garden and theater. The location is very close to the commercial centre of Larnaca near other services and commercial properties, such as banks, retail shops, service stations as well as some of the biggest educational facilities in the city such as Drosia High School and American Academy.
The surrounding area has a mixed residential and commercial use with several services for everyday needs like kiosks and bakeries in the vicinity. The wider area is well developed and consists mostly of residential and mixed-use buildings including hotels and other tourist related development.
The property falls within two planning zones:
- Εβ1, with building density coefficient 200%, coverage coefficient 50%, in 6 floors and a maximum height of 24m.
- Κα3, with building density coefficient 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17m.
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
It consists of a ground floor of 281sqm with a large open space, several partitioned offices, and sanitary facilities. The basement (323sqm) contains storage space, sanitary facilities, and a kitchenette. The property has a total road frontage of 19m.
The ground floor is finished in fitted carpet and ceramic tiles and laminated PVC for the sanitary areas. There is a lowered false ceiling allowing for mobility of services and lighting according to needs. The basement is finished with ceramic tiles. The property has air-conditioning units throughout.
The property is located at the junction of Griva Digeni and Grigori Afxentiou Avenues and Leonida Kioupi Street, opposite the municipal garden and theater. The location is very close to the commercial centre of Larnaca near other services and commercial properties, such as banks, retail shops, service stations as well as some of the biggest educational facilities in the city such as Drosia High School and American Academy.
The surrounding area has a mixed residential and commercial use with several services for everyday needs like kiosks and bakeries in the vicinity. The wider area is well developed and consists mostly of residential and mixed-use buildings including hotels and other tourist related development.
The property falls within two planning zones:
- Εβ1, with building density coefficient 200%, coverage coefficient 50%, in 6 floors and a maximum height of 24m.
- Κα3, with building density coefficient 140%, coverage coefficient 50%, in 4 floors and a maximum height of 17m.
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
Property Features
No VAT
Parking - 1 Covered
Transfer Fees
€17,298
BUYING AS AN INDIVIDUAL
€16,400 Transfer fees + €898 Stamp Duty
€13,898
BUYING ON JOINT NAMES
€13,000 Transfer fees + €898 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
