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Pay in USD and save up to $6,171Two bedroom bungalow for sale in Agioi Anargyroi area in Larnaca.
The property is very close to Larnaca Center. It is also located on the commercial avenue of Agioi Anargyroi and can also be used as a shop / retail unit.
It is comprised of an enclosed area of 70㎡, one WC, one car parking and a land plot of 238㎡.
This is a corner property and abides to a public road on two sides as well as a public green area at the west side.
The property also boosts commercial value as it is located on an avenue with retail shops.
A potential investor may also decide to demolish the current building and erect a new project as the building plot is situated within the Ka4 Planning Zone which allows for 120% development factor and 50% cover factor. At 238 m2 of land area, this allows for the erection of around four 2-bed flats or two small semi detached residences.
As the property is located on a secondary commercial route, the potential complex might also be comprised of two shops on the ground floor and 2 flats on the first floor.
This is a nice investment opportunity due to its large plot of land, development options, reasonable price and proximity to Larnaca.
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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.
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