Apartment Building for sale in Kiti, Larnaca

50% SHARED OWNERSHIP.
The asset is a three-story residential building with a covered parking area on a 50% shared plot and it is located in Kiti, Larnaca. A 50% share, 422sq.m, of 844sq.m total land area. The building consists of one apartment on the ground floor, two on the first floor, and one on the second floor. Additionally, there are four covered parking spaces. The asset contains expired division permits into two plots, planning and building permits for the development of 4 apartments along with the final approval. For the activation of these permits, renewal must take place. The asset is located approximately 150m south of Archbishop Makarios III Avenue, a main road that connects Larnaca Municipality with Meneou Municipality, and about 250 meters south of the Kiti Regional Gymnasium. The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.

Total building size: 307sqm
Land lot area: A 50% share, 422sq.m, of 844sq.m total land area
Frontage length: 17m
Occupancy status: Vacant

1st Unit
Enclosed area size: 82sqm
Floor: Ground floor
Bedrooms: 2
Bathrooms: 2
WCs: 2
Kitchens: 1
Levels: 1

2nd Unit:
Enclosed area size: 74sqm
Floor: 1st
Covered verandas size: 13sqm
Uncovered verandas size: 4sqm
Bedrooms: 2
Bathrooms: 2
WCs: 2
Kitchens: 1
Levels: 1

3rd Unit:
Enclosed area size: 75sqm
Floor: 1st
Covered verandas size: 13sqm
Uncovered verandas size: 4sqm
Bedrooms: 2
Bathrooms: 2
WCs: 2
Kitchens: 1
Levels: 1

4th Unit
Enclosed area size: 76sqm
Floor: 2nd
Covered verandas size: 3sqm
Uncovered verandas size: 101sqm
Bedrooms: 2
Bathrooms: 2
WCs: 2
Kitchens: 1
Levels: 1