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3 Bedroom Apartment for sale in Larnaca Municipality, Larnaca

Larnaca Municipality, Larnaca, Cyprus
3 Bedroom Apartment for sale in Larnaca Municipality, Larnaca 512 Larnaca Municipality
395000 €395,000 ($387,997)
3 Bedroom Apartment
Larnaca Municipality, Larnaca
€395,000  ($387,997)
Palourtis Estate Agents
Palourtis Estate Agents
Real Estate reg. no. 961 / license no. 279/E
BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $13,580

Average Bank Rate (€395,000)
1 USD = 0.9836 EUR
$401,577

Mid-market rate (€395,000)
1 USD = 1.0180 EUR
$387,997

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 640795
  • Bedrooms: 3
  • Bathrooms: 2
  • Total covered area: 98 sqm
  • Newly built
  • Car Port
  • Elevator
  • Roof Garden
  • Storage Room
  • Veranda

Description

Academia Tower is a 7-floor luxury apartment building excellently located in Larnaca town centre in a quiet residential area behind the American Academy school and close to amenities. The famous Finikudes sea promenade is only 700m away. Larnaca also hosts the main International Airport at a distance of 8.3 km.

Three apartments are allocated to each floor, all of which consist of open plan living and kitchen area, 2 bedrooms (master with en-suite shower), main bathroom, and covered veranda.

The top floor apartments located on the 6th floor enjoy individual access to their private roof garden on 7th floor hosting the 3rd bedroom, wc/shower room and barbeque area. These flats also benefit from solar panel net metering, offering the prospective buyer an extra financial incentive.

Additional features:

Hidden ceiling lighting feature in living area
allocated parking and storage
Audio and Video Door Entry System with remote control bar entry for tenants.
high quality construction
Smart home provision
class A energy efficient
south orientation of project providing light and airy units.
The sectioned architectural design of Academia Tower allows independent positioning of the apartments on each floor, offering maximum privacy.

A huge demand for rentals has been noticed in this area. An excellent investment opportunity that can create an income of 5% from yearly rentals and up to 9% for short term rentals.

Free of mortgage. Title deeds guaranteed. Price +VAT

click below to read the specifications:

ACADEMIA SPECIFICATIONS.pdf

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.

Stamp Duties
If buying as an individual
€698 ($685)
If buying on joint names
€698 ($685)
Transfer fees
If buying as an individual
€12,400 ($12,180)
If buying on joint names
€9,000 ($8,840)

Disclaimer - Property reference 640795. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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