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A unique opportunity to acquire a 33% share of a residential building on Adamantiou Korai Street, in the sought-after “Kapelles” area of Paralimni, near the Technical School and the Paralimni–Deryneia roundabout.
The share includes four out of twelve apartments—two rented and two vacant—making this ideal for both immediate rental income and long-term investment potential.
Apartment Breakdown:
• Flat No. 1 – Ground Floor (Occupied)
Studio Internal: 47 sq.m. Veranda: 13 sq.m.
Layout: Open-plan living/bedroom, kitchen, bathroom, covered veranda
• Flat No. 10 – First Floor (Occupied)
2 Bedrooms Internal: 91 sq.m. Veranda: 20 sq.m.
Layout: Entrance hall, living/dining area, kitchen, bathroom
• Flat No. 7 – First Floor (Vacant)
3 Bedrooms Internal: 94 sq.m. Veranda: 20 sq.m.
Layout: Entrance hall, living/dining area, kitchen, bathroom, 2 covered verandas
• Flat No. 8 – First Floor (Vacant)
2 Bedrooms Internal: 59 sq.m. Veranda: 20 sq.m.
Layout: Entrance hall, living/dining area, kitchen, bathroom
Zoning Information:
• Zone: Εβ4
• Building Coefficient: 140%
• Coverage: 50%
• Maximum Height: 17 meters / 4 floors
Located in a prime residential area with strong long-term development prospects.
A distribution agreement is in place.
The apartments require Renovation.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 1844918. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.
