The property for sale is a shop of approximately 664 square meters, with title deed as plot, shop with mezzanine.
The building coefficient is 240%, so you can build approximately 1600 square meters in 4 (four) floors. The possibility of getting permit to build more square meters with higher floors is always on the table.
The permits include all possible developments including Shops, Offices, Apartments, small apartment for rending to the University Students and so on.
This property can add value to its owner, because it is of suitable size and its excellent location.
It is located in the corner of the two most retail shopping streets, thus Anexartisias and Saint Andrew street in Limassol.
Saint Andrew Street has very easy access.
There are a lot of parking places in the locality.
Due to its location the property offers Live promotion to any kind of business, due to the fact that thousand of people passing every day in frond of it.
It is very close to the sea and the Limassol Marina.
It is only few meters away from the Limassol University TEPAK.
It is 100 meters away from the Mayer offices.
It is 200 meters away from the Limassol District offices.
It is 50 meters away from the Limassol Department of Town and housing.
I would say that due to its big size, it makes it unique, as the only property in the vicinity with the big size of this plot.
The property is a good medium and long term investment.
|Transfer Fee (single payment)|| One owner: 46582.8€ (3.73%)
Two owners: 43165.6€ (3.45%)
|Stamp duty (single payment)||2433€ (0.19%)|
|Immovable property tax (anual payment)||925€ (0.07%)|
|Municipal tax (annual payment)||250€/Year (0.02%)|
|Legal fee (single payment)||from 10000€ (0.8%) to 12500€ (1%)|
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