Building (Default) in City Area, Larnaca for Sale

Building for Sale with 4 x 3-Bedroom Apartments – Larnaca City

A great investment opportunity: a residential building consisting of four 3-bedroom apartments, requiring internal and external renovation (estimated renovation cost approximately €200,000).

Upgraded architectural plans are available to convert the building into:

• 2 x 4-Bedroom Apartments

• 2 x 3-Bedroom Apartments
  Additionally, there is remaining building density of 50 sq.m., allowing the construction of a 1-Bedroom Roof Garden Apartment on the second floor.

Current Layout:

• 2 x 3-Bedroom Apartments on the Ground Floor (Flats No. 1 & 2), each with 124 sq.m internal area + 10 sq.m covered veranda

• 2 x 3-Bedroom Apartments on the First Floor (Flats No. 3 & 4), each with 124 sq.m internal area + 10 sq.m covered veranda

Location:

• Situated near the New Port area of Larnaca City

• Corner property, close to shops, services, and amenities

• Only a 15-minute walk to Larnaca Downtown and the Palm Tree Promenade (Marina Beach)

Additional Information:

• The property is not subject to VAT.