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Commercial Building - Makariou Avenue, Limassol

Limassol - Ref. PR33964Map

Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
Commercial building-Limassol Municipality-PR33964
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Commercial Building - Makariou Avenue, Limassol

Ref. PR33964

Not subject to VAT

1,400,000

Indicative Price

Two-storey building in an excellent location in Apostle Petrou & Pavlou Quarter in Limassol Municipality. It is located on Archbishop Makariou III at a distance of 600 meters (approx.) southwest of Laniteio School.

The property is situated close to a plethora of amenities and services such as shops, restaurants, cafes, supermarkets etc. In addition, it enjoys excellent access to the Municipality center and the motorway.

The building comprises of two shops and an office on the ground floor and an apartment on the 1st floor. The area of the ground floor is 290 sqm (approx.) and the 1st floor 165 sqm (approx.). The building is rented for €4510/month and a yield 3.9%.

The property falls within commercial zone Εβ2 which allows the construction of a six-storey commercial or mixed-use building.

The property is subject to a road widening of an area of 125 sqm (approx.).

Gray Standard deadline time (JPG)

Gray Standard deadline time (JPG)

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 Asset Management Cyprus Ltd 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 Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

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.

District: Limassol

Municipality: Limassol Municipality

Quarter: Apostolou Petrou & Pavlou

Characteristics

  • Enclosed area: 455 m2
  • Land: 658 m2
  • Title deed: The property has a separate title deed
  • The property is rented

Services and facilities

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

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
5/230 54/580102 5 302
  • Planning zone: Εβ2
  • Building Coefficient: 180%
  • Coverage Coefficient: 50%
  • Maximum Floors Allowed: 6
  • Maximum Building Height (m): 24

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.

Location

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Open in Google Maps (34.68553924560547, 33.032745361328125)

Energy Category

energy rating

Owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

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