This commercial property in Larnaca offers an excellent investment opportunity, especially due to its prime location and its versatile layout. Here's a more detailed breakdown of its features:
Location:
- Situated in the Sotiros parish of Larnaca Municipality, a high-traffic area with both commercial and residential activities.
- Located about 140 meters north of Spyros Kyprianou Avenue and 580 meters south of Antonis Papadopoulos Stadium, it benefits from excellent accessibility to public services and amenities.
- The building is near facilities like shops, offices, and residential areas, enhancing its attractiveness for potential tenants or businesses.
Property Layout:
- Ground Floor: Includes a reception area, office, workshop space, and a toilet. This versatile layout is ideal for a variety of commercial operations.
- Mezzanine: Features two rooms, which could serve as additional office space, storage, or other functional areas.
- Basement: Offers a large open storage area along with a shower and toilet, perfect for stock storage or utility purposes.
Physical Characteristics:
- The property has a total internal area of 326 sq.m., a mezzanine of 144 sq.m., and a basement of 252 sq.m., making it spacious and adaptable for different uses.
- The building occupies a 649 sq.m. lot and has a frontage of approximately 20 meters along Alsoupoleos Street.
- Constructed in 1988, the building is well-established but can be modernized if needed.
- The property abuts a green area on the western side, adding some appeal and potentially improving the surrounding environment.
Zoning and Potential:
- Located within the Kα4 residential zone, the building benefits from a building factor of 120%.
- Importantly, the property has an inexhaustible building factor, meaning that the owner could add two additional floors, increasing the value and usability of the space significantly. This is a great incentive for future expansion or redevelopment.
Suitability:
- The building is vacant and available for immediate use or could serve as an income-generating property, whether through leasing the commercial space or redeveloping it for other purposes.
- With its prime location, large internal space, and future development potential, it could attract high demand from both commercial and residential interests, making it a solid investment opportunity.
This is an excellent property for businesses looking to establish themselves in a vibrant area or for investors seeking a project with growth potential.
This commercial property in Larnaca offers an excellent investment opportunity, especially due to its prime location and its versatile layout. Here's a more detailed breakdown of its features:
Location:
- Situated in the Sotiros parish of Larnaca Municipality, a high-traffic area with both commercial and residential activities.
- Located about 140 meters north of Spyros Kyprianou Avenue and 580 meters south of Antonis Papadopoulos Stadium, it benefits from excellent accessibility to public services and amenities.
- The building is near facilities like shops, offices, and residential areas, enhancing its attractiveness for potential tenants or businesses.
Property Layout:
- Ground Floor: Includes a reception area, office, workshop space, and a toilet. This versatile layout is ideal for a variety of commercial operations.
- Mezzanine: Features two rooms, which could serve as additional office space, storage, or other functional areas.
- Basement: Offers a large open storage area along with a shower and toilet, perfect for stock storage or utility purposes.
Physical Characteristics:
- The property has a total internal area of 326 sq.m., a mezzanine of 144 sq.m., and a basement of 252 sq.m., making it spacious and adaptable for different uses.
- The building occupies a 649 sq.m. lot and has a frontage of approximately 20 meters along Alsoupoleos Street.
- Constructed in 1988, the building is well-established but can be modernized if needed.
- The property abuts a green area on the western side, adding some appeal and potentially improving the surrounding environment.
Zoning and Potential:
- Located within the Kα4 residential zone, the building benefits from a building factor of 120%.
- Importantly, the property has an inexhaustible building factor, meaning that the owner could add two additional floors, increasing the value and usability of the space significantly. This is a great incentive for future expansion or redevelopment.
Suitability:
- The building is vacant and available for immediate use or could serve as an income-generating property, whether through leasing the commercial space or redeveloping it for other purposes.
- With its prime location, large internal space, and future development potential, it could attract high demand from both commercial and residential interests, making it a solid investment opportunity.
This is an excellent property for businesses looking to establish themselves in a vibrant area or for investors seeking a project with growth potential.
