Property 36868 Larnaca, Larnaca / 33354

Fully Renovated Mixed - use Building of 1.323sqm. total covered area on a large plot of 1.063sqm. in Port area, Larnaca.

The building consists of 13 apartments (with the provisions to be converted into 20 units), 1 shop and basement with 13 parking spaces.
The plot falls within 2 zones:
* 51% of the plot - zone Eb1 with building density 200%, coverage 50% and 6 floors allowance.
* 49% of the plot - zone Ka4 with building density 120%, coverage 50% and 3 floors allowance, so there is unused building density.

The shop is currently rented for €20.400/year and the whole remaining building for €160.000 + V.A.T./year with a 4% increase every 2 years.

The plot has double frontage (on 2 parallel streets) and is perfectly located just 280m from the sea, within walking distance to all the amenities, Larnaca center, Finikoudes and the new Marina.

For more information you can contact us.