FULLY RENOVATED BUILDING IN LARNACA CENTER

Overview

Reference

28128

Category

Commercial

Property type

commercial

City

Larnaca

Description

Building of total covered areas of 1323 square meters(including the covered verandas), which consists of 13 apartments , 1 supermarket and basement with 13 parking spaces. The apartments have the provisions to be converted to into 20 units . The supermarket is currently rented and has an income of €20,440/year and the rest of the building is currently rented for the amount of €160,000/year, plus VAT with 4% increase every 2 years. The land is 1.063 sq.m and the plot falls within 2 zones Ko4 (49%) and Eβ1(51%), with building density of 120% and 200% respectively. In addition to the existing renovated building, the issued planning permit also authorizes another 5 floors further construction of another 11 apartments above the current renovated building, which would add a further 1.377 sq.m of covered areas (these 11 apartments can also be converted into 23 units). The asking price for the purchase of the fully renovated building is €4.300,000 (with 13 key ready apartments, the basement, the supermarket, plus 1.377 sq.m preapproved unused density. For further details, please contact us.

Characteristics

• Renovated

Features

• Basement
• Covered veranda
• Veranda