Investment Whole Building of 4 Apartments in Larnaca Kiti Area
Description
An excellent opportunity for investors looking to acquire an entire building with four two-bedroom apartments in the heart of Kiti, Larnaca. This well-located property offers immense potential for immediate renovation and rental, or long-term capital growth.
Property Overview:
* Total Building Size: 307 sqm
* Land Area: 422 sqm
* Title:
* Units: 4 two-bedroom apartments
* Completion Year: 2011
* Frontage length: 17 m
* Occupancy Status: Vacant (ready for immediate renovation and rental)
Apartments:
1. Ground Floor (Door No.1):
* Enclosed area: 82 sqm
* Open-plan living, dining, and kitchen area
* 2 bedrooms (master en-suite)
* Main bathroom
* Spacious veranda
2. First Floor (Apartments No.101 & No.102):
* Enclosed area: 74 sqm each
* Open-plan living, dining, and kitchen area
* 2 bedrooms (master en-suite)
* Main bathroom
* Large covered verandas
3. Second Floor (Penthouse No.201):
* Enclosed area: 76 sqm
* Open-plan living, dining, and kitchen area
* 2 bedrooms (master en-suite)
* Main bathroom
* Large uncovered veranda of approximately 101 sqm
Key Features:
* Parking: 4 covered parking spaces
Location:
* 150 meters from Archbishop Makarios III Avenue, a key road connecting Larnaca and Meneou.
* 250 meters from the Kiti Regional Gymnasium.
* Only 5 minutes from Larnaca International Airport.
Planning Zone: H2
* Building Coefficient: 90%
* Coverage: 50%
* Max Height: 8.3m
* Max Floors: 2
Investment Potential:
* Excellent residential area, close to services and easy motorway access.
* Great opportunity for immediate rental after renovation.
* A prime asset for investors with high rental demand potential due to proximity to the airport and local amenities.
Don’t miss this unique investment opportunity to own a whole building in one of Larnaca's most desirable locations! Contact us today for more information or to arrange a viewing.
Overview
- Property ID 2016
- City Larnaca
- Area Kiti
- Price € 410000
- Bedrooms
- Bathrooms 8
- Covered Area 307
- Open Verandas 109
- Total Plot Area