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Commercial property for sale in Old City, Limassol, Cyprus, 127 m²

Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 1
Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 2
Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 3
Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 4
Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 5
Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 6
Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 7
Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 8
Commercial property for sale in Old City, Limassol, Cyprus, 127 m² - photo 9
Price€520,000
TypeCommercial property
Covered area127 m²
Bath2
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Building in Limassol

Building for sale situated right in the city center near to all city amenities. The building consists of the shop space on the ground floor 70 m2, office space on the first floor 21 m2 and open veranda 36.9 m2. There are two toilets and small kitchen on the ground floor. The spacious parking can fit up to 10 cars. Excellent location close to commercial businesses and main shopping area.

Extra Сosts when Buying Property

TRANSFER TAX*
up to €85 000 3%
€85 000 - €170 000 5%
over €170 000 8%
*If VAT has been paid no transfer tax
*If no VAT has been paid 50% of the transfer tax rate
STAMP DUTY
If the value of the property is less than € 171,000 0,15%
If the value of the property exceeds € 171,000 0,2%
VAT
standard rate 19%
reduced rate 0-5%

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Ongoing Ownership Costs

Municipality Tax, annually 0.02%
Communal Services fees, multi-residential complexes, monthly €40-50
Communal Services fees, private house, monthly €60-200
Sewerage Tax, annually €60-75
Electricity costs, monthly about €50
Water rates, monthly about €50
Telecommunication rates €50-60

Additional Services Costs

Legal support (one time payment) 0.8%-1%

Return on Investment

Property Price
Rental Cost
0%
Helga
Company Representatives
in Cyprus
Limassol, Paphos, Larnaka
+3572-503-00-31
in UK
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+44-20-3936-4067
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+7 (495) 240-81-87
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