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Apartment Building
Kiti, Larnaca

€595,000  ($682,911)

STARMAX

STARMAX

Reg. No: 1267 / Licensed No: 514/E

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BuySell Cyprus Real Estate offer on property will expire soon
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Compared currency flag Pay in USD and save up to $23,902

Average Bank Rate (€595,000)
1 USD = 0.8418 EUR
$706,813

Mid-market rate (€595,000)
1 USD = 0.8713 EUR
$682,911

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1510340 (29136)
  • Total covered area: 307 sqm
  • Plot: 307 sqm

Description

An excellent investment opportunity in a whole building consisting of 4 two bed apartments, located in a highly residential and central location in Kiti, Larnaca.The building was constructed in 2011 and consists of one apartment on the ground floor, two apartments on the first floor, and one penthouse apartment on the second floor.Additionally, there are four covered parking spaces.The apartments are all vacant.Apartment with door no.1 on the ground floor consist of an open plan living, dining and kitchen area, two bedrooms of which the master bedroom is en-suite, a main bathroom and a big veranda.On the first floor there are 2 two bedroom apartment with doors number 101 and 102.Each apartment consists of an open plan living, dining and kitchen area, two bedrooms of which the master bedroom is en-suite, a main bathroom and a big veranda..Apartment no. 201, situated on the second floor, consists of an open plan living, dining and kitchen area, two bedrooms of which the master bedroom is en-suite, a main bathroom and a very big veranda of approximately 101 sq.m.The asset is an ideal opportunity for investment as it benefits from:- A great location in the residential area of Kiti which comprises of many services and easy access to the motorway.- 5 minutes away from the airport- 4 already built apartments with great opportunity for immediate renovation and rentThe asset is located just a few meters to the main road that connects Larnaca Municipality with Meneou Municipality.The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.An active application is currently in progress for both horizontal and vertical subdivision, as well as the issuance of separate Title Deeds.For further information, please call us.

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Buying expenses

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.

Transfer fees
If buying as an individual
€20,400 ($23,414)
If buying on joint names
€17,000 ($19,512)

Disclaimer - Property reference 1510340. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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