Ref. No. 21835 Shop

€1,950,000 No VAT
Paphos Town Paphos
Shop Commercial
1818m² Covered
Sales Agent Stefanos Constantinou

Property Description

This property is a large retail space formerly used as a supermarket on the ground floor of the building “Sunwaves Centre Block 1” in Agios Theodoros area of Paphos.

The property is located on Adamantiou Korai Street, c. 400m west of Apostolou Pavlou Avenue, c. 200m north of Kings Avenue Mall and c. 200m north east of Tomb of the Kings Avenue.

The property comprises of six adjoined shops with a combined area of c. 1818sqm. The area consists of a 1,017sqm ground floor, a 105sqm mezzanine and a 696sqm basement. The property enjoys the exclusive use of 12 parking spaces and uncovered areas at the front and rear of the property.

The immediate area of the property comprises of residential developments, while the nearby Tomb of the Kings Avenue consists of commercial and touristic development with shops, restaurants, hotels and hotel apartments. In the nearby area more properties can be observed. Tomb of the Kings Avenue also provides great accessibility to the rest of Paphos city.

The property falls within two planning zones:

- Eβ with building density coefficient of 140%, coverage coefficient 50%, in 3 floors and a maximum height of 11,3m.

- Kα5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.
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 Uncovered

Transfer Fees

€78,408
BUYING AS AN INDIVIDUAL
€74,600 Transfer fees + €3,808 Stamp Duty
€75,008
BUYING ON JOINT NAMES
€71,200 Transfer fees + €3,808 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.
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