€410,000 $422,715
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Pay in USD and save up to $14,795Key features
- Listing ID: 1648118 (5940)
- Total covered area: 307 sqm
Description
This is an investment opportunity in a whole building located in Kiti, Larnaca, consisting of four vacant two-bedroom apartments, built in 2011. The building has a ground floor apartment, two apartments on the first floor, and a penthouse apartment on the second floor. It also includes four covered parking spaces. Each apartment features an open-plan living, dining, and kitchen area, two bedrooms (with the master bedroom en-suite), a main bathroom, and a veranda. The second-floor penthouse has a large 101 sq.m. veranda.Key investment benefits include:A prime location in a residential area with many services and easy motorway access.Proximity to Larnaca Airport (5 minutes away).Opportunity for immediate renovation and rental.The property falls within Zone H2, allowing for further development with a 90% building coefficient and a 50% coverage rate, and permission for 2 floors (8.3m).The asset's location is just 150 meters from a major road and 250 meters from Kiti Regional Gymnasium.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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