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Apartment Building
Kiti, Larnaca

€595,000  ($686,882)

Investia Estate Agents

Investia Estate Agents

Reg. No. 509/ Lic. No.255/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $24,041

Average Bank Rate (€595,000)
1 USD = 0.8369 EUR
$710,923

Mid-market rate (€595,000)
1 USD = 0.8662 EUR
$686,882

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: 8607935 (38151)
  • Plot: 422 sqm

Description

This three-storey residential building presents an exceptional investment opportunity in the sought-after area of Kiti, Larnaca. The property represents a 50% share of the plot, Distribution Agreement is available. An application is already in progress for horizontal and vertical subdivision and the issuance of separate Title Deeds.

Property Highlights:
• Total Units: Four (4) two-bedroom apartments
• Total Internal Area: 307 sq.m.
• Plot Area: 1/2 share of 844 sq.m. (approximately 422 sq.m.)
• Occupancy Status: Vacant

Building Description:
The building features four well-designed two-bedroom apartments. Each unit boasts a similar modern layout, including an open-plan living and kitchen area, a main bathroom, and two bedrooms—one of which features an en-suite shower and toilet.

Building Description:
1. Ground Floor – Apartment 001
• Enclosed Area: 82 sq.m.
• Uncovered Veranda: 29 sq.m.
• En-suite walk-in wardrobe

2. First Floor – Apartment 101
• Enclosed Area: 74 sq.m.
• Covered Verandas: 13 sq.m.
• Uncovered Verandas: 4 sq.m.

3. First Floor – Apartment 102
• Enclosed Area: 75 sq.m.
• Covered Verandas: 13 sq.m.
• Uncovered Verandas: 4 sq.m.

4.Second Floor – Apartment 201 (Penthouse)
• Enclosed Area: 76 sq.m.
• Covered Veranda: 3 sq.m.
• Large Uncovered Terrace: 101 sq.m.

An active application is currently in progress for both horizontal and vertical subdivision, as well as the issuance of separate Title Deeds.

The asset is located approximately 150m south of Archbishop Makarios III Avenue, a main road that connects Larnaca Municipality with Meneou Municipality and about 250m south of the Kiti Regional Gymnasium.

There is a Distribution Agreement in place.
Pending issuance of Energy Performance Certificate.

For privacy reasons, the advertiser has not indicated the exact address.
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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 ($23,550)
If buying on joint names
€17,000 ($19,625)

Disclaimer - Property reference 8607935. 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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