Address: Shop 5, Forest beach gardens, Dhekelia rd, Oroklini. 7041. Cyprus
Call us: +357 (24) 822 870 // www.palourtis.com
Email: admin@palourtis.com
Call us: +357 (24) 822 870 // www.palourtis.com
Email: admin@palourtis.com
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Commercial Building for sale in Larnaca
The land of the building is 1.063 sq. m.. The building is close to Radisson Blu Hotel and Makarios Avenue, walking distance to the beach, amd a 1km to Larnaca Marina. Excellent opportunity for investment. Please note that the building is currently being renovated (it has received planning permission from the Larnaca Town Hall) and it will consist of 13 apartments, 1 supermarket (which is currently being rented for €1.350 per month) and the basement; note that the building has a total area of 1.323 sq. m. including covered verandas.
The above price might be subject to VAT.
In its current condition is €3.600.000 (i.e. partially renovated but incomplete)
In addition to the above, there is still further available building density of 1.377 sq. m including covered verandas, which can be used to construct a further 11 apartments on an additional 5 floors (3rd to 7th); this will make the building have a total built area of 2.700 sq. m. and consist of 24 apartment, 1 supermarket and the basement. The asking price of the building fully constructed as described is €7.300.000 (please note that there is also VAT payable on the additional 5 floors/ 11 apartments that will be constructed.
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