RESIDENTIAL COMPLEX AGIOS THEODOROS, LARNACA

RESIDENTIAL COMPLEX AGIOS THEODOROS, LARNACA

(under company: Cypress Ag. Theodoros Ltd)

Description of the property (7050sqm – 9 units)

Ideal for networking, meeting or focusing on work and built for business, this workspace gives you everything you need in one place which includes the below services:

Incomplete residential development 60m. across the sea in Agios Theodoros, Larnaca. The asset abuts to Mazotos-Zygi road along its south-western border with a total frontage of approx. 98m. There is a planning permit for the development of nine houses. Currently, the three out of nine houses are in a approx. 25% completion state. The plans of the buildings have been checked by the Town Planning Department when issuing the Planning Permit.

The areas of the buildings as calculated by the permitting plans are as follows:

  • Buildable Covered Area for Each House is : 123 sq.m
  • Covered Veranda : 65 sq.m
  • Uncovered Areas(Roof Garden):72 sq.m
  • Total Covered Area for the Nine Houses: 1,107 sq.m

1) Plot No 1: 468 sq.m
2) Plot No 2: 467 sq.m
3) Plot No 3: 453 sq.m
4) Plot No 4: 475 sq.m
5) Plot No 5: 429 sq.m
6) Plot No 6: 405 sq.m
7) Plot No 7: 518 sq.m
8) Plot No 8: 620 sq.m
9) Plot No 9: 1,154 sq.m

Green Area: 960 sq.m & Road: 1,101 sq.m446

Prices starting from 550.000 for completed house

OFFER TO BUY PROPERTY AS SHOWN ABOVE (AS IT IS) – €1.800.000

You can buy the Company which owes the above property.
Benefits of buying the company:

  1. No VAT of 19% to pay (€342.000)
  2. There will be no transfer fees at Land Registry (€200)
  3. There is also a VAT asset (refund) in the books of this Company of €130.000 (which you will receive back as the new owners).

Total Savings of: €609.200
We can introduce you to our Architect who can take over to finish the project for you.

Architect Fees – approximately €175.000 (which include: preliminaries & drawings and all consultants: e.g., mechanical, civil engineers, engineers, electrician, etc.).