Shop in Chrysopolitissa, Larnaca
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Auction
- Lot 14
- Cyprus
- Retail
- Commercial
Sold for €50.000
Property Summary
- Ground floor shop with mezzanine in Chrysopolitissa.
- We have been informed that the property extends to approx. 32 sq. m. of internal area, approx. 7 sq. m. mezzanine floor.
- Subject to a tenancy with a current rent of €3,600 per annum producing 7.2% ROI.
- 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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Property description
- Ground floor shop with mezzanine in Chrysopolitissa.
- Separate Title Deed.
- Built in 1985.
- We have been informed that the shop extends to 32 sq. m. of internal area and approx. 7 sq. m. mezzanine floor.
Location
- The property is located in Chrysopolitissa quarter, within Larnaca Municipality, in the district of Larnaca District, under Land Reg. No. 3/895.
- The property abuts on Ammochostou Avenue, approx. 150 m. of Makariou III Avenue.
- The immediate area features commercial and residential developments.
Tenancy
- Currently rented with an annual rent €3.600. ROI 7.2%.
Accommodation
The property was not internally inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the property provides:
- Ground floor shop with mezzanine.
- It is recommended that interested parties undertake their own inquiries to confirm property measurements.
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*Terms & Conditions
Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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