• Two-story residential/commercial mixed-use building with ten surface parking spaces.
• Opportunity to increase rents and value through improvements to the property.
• Stable rental market.
• Value-add opportunity in Larnaka district at a highly visible corner location surrounded by several local retailers.
• Ideally positioned with easy access to the New Marina Investment from Spyrou Kyprianou Avenue.
• Rare investment opportunity with ample possibilities, including an easily convertible mixed-use multi-tenant concept.
Buy Home Estate Agency is pleased to present an exclusive sale mixed-use building in Larnaka.
The property consists of a two-story building situated between Larnaka and Livadia area, Constructed in 1987, the building is comprised of a ground-floor commercial shop 220 m2 with a mezzanine 158 m2 and a total area of 378 m2.
On the 1st-floor there is an apartment a 3 bedroom apartment with an internal covered area 164 m2, with covered verandas 25 m2, uncovered verandas of 30 m2.
In addition, there is an ensuite bedroom and 2 bathrooms, and includes a paved parking space for 10 dedicated spaces. The property is fully occupied.
The property is situated along a commercial road, close to public transportation, furthermore, the plot has an area of 528 m2 with building density 120% and 3 floors height.
- En-Suite Bathrooms 1
- Guest W/C 1
- Uncovered Parking 1
- Covered Verandas 1
- Alarm system
- Barbecue Area
- Bedroom Double ensuite
- Corner plot
- Land Title deeds
- Near Amenities
- Near Hotel
- Near Park
- Near School
- Near Sea
- Title deeds
Property Price 550000€
Annual Interest 2.5%
Repayment Term 10 years