INCOME PRODUCING PROPERTY - Annual Gross Yield at about 5.7% Potential Tax Benefits As Listed Property

This property, concerns the ground floor of a two storey listed building located on Eleftherias str. within the historic Katholiki quarter area. It consists the 50% share that corresponds to about 272 sq.m, where the remaining 50% constitute the first floor. The tenant operates within a well known restaurant-events hall, that occupies the ground floor of approx. 225 sq.m. and the mezzanine of approx.47 sq.m.

The asset is located approx. 250m from Navarinou Street, approx. 500m from Molos and in walking distance from Limassol marina..

The property falls within Zone Πα8α, with a building coefficient of 140%, coverage of 70%, and permission for 2 floors (8.3m) of construction.

GPS coordinates: 34.674438, 33.039667