Commercial building for sale, Aradippou - PR32698

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Commercial Building - Aradippou, Larnaca

Larnaca - Ref. PR32698Map

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Commercial Building - Aradippou, Larnaca

Ref. PR32698

Not subject to VAT

1,400,000

Indicative Price

Contact

1,100 m²
200 m² Mezzanine
3,333 m² Land

Services and facilities

Parking
G.Optional
Swimming pool
Air condition
Lift
Heating
Storage room

Commercial building in Agios Fanourios quarter of Aradippou Municipality. It is situated at a distance of 1 km northwest of GSZ Stadium and 280 meters south of “LIDL” supermarket.

The area of the property designates a plethora of amenities and services such as supermarkets, schools, shops etc. In addition, it has excellent access to the motorway and the city of Larnaca.

The building consists of a ground floor showroom, a mezzanine, two upper floors with office spaces and a basement.

The ground floor area/showroom is 400 sqm (approx.) plus 200sqm the mezzanine and 700 sqm the basement. The 1st and 2nd floor of the building has total area of 700sqm.

It is noted that the ground floor and the mezzanine level is rented for €2000/month while the rest of the building is vacant. By renting out all the units of the building, the property can offera high yield of over 5%.

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

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The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer.

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted.

The above price may be modified without any prior notice.

All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

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District: Larnaca

Municipality: Aradippou

Quarter: Agios Fanourios

Characteristics

The property is partially rented

Land Registry Information

Reference	Reg. Nº	Sheet/Plan	Block	Parcel Nº	Share
PR32698	7/572	40/55W1	7	848	573/1273
Planning zone: Κα5 Building Coefficient: 100% Coverage Coefficient: 50% Maximum Floors Allowed: 3 Maximum Building Height (m): 13,50 Planning zone: Εβ4 Building Coefficient: 140% Coverage Coefficient: 50% Maximum Floors Allowed: 4 Maximum Building Height (m): 14,30

Reference	Reg. Nº	Sheet/Plan	Block	Parcel Nº	Share
PR32698	7/736	40/55W1	7	1010	9/20
Planning zone: Εβ4 Building Coefficient: 140% Coverage Coefficient: 50% Maximum Floors Allowed: 4 Maximum Building Height (m): 14,30 Planning zone: Κα5 Building Coefficient: 100% Coverage Coefficient: 50% Maximum Floors Allowed: 3 Maximum Building Height (m): 11,30

Tender Form

Download Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on https://www.altamirarealestate.com.cy/ (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.