€485,000 $505,806
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Pay in USD and save up to $17,703Key features
- Listing ID: 1229953 (5371)
- Bedrooms: 3
- Bathrooms: 3
- Total covered area: 184 sqm
- Newly built
- with separate Title Deed
- Hidden ceiling lighting feature in living area
- Full airconditioning
- Electric appliances
- allocated parking and storage
- Audio 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.
Description
Our last available apartment - 601 with separate Title Deed
Τhe 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 the first and second floors, all of which consist of an open-plan living and kitchen area, 2 bedrooms (the master with an en-suite shower), a main bathroom, and a covered veranda.
The top-floor apartments, with 4 bedrooms located on the 6th floor, enjoy individual access to their private roof garden on the 7th floor, hosting the 4th bedroom, a WC/shower room, sauna, and a barbecue 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
Full airconditioning
Electric appliances
allocated parking and storage
Audio 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
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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