Academia Tower is a 7-floor luxury apartment building excellently located in Larnaca town centre in a quiet residential area behind the American Academy school and close to amenities. The famous Finikudes sea promenade is only 700m away. Larnaca also hosts the main International Airport at a distance of 8.3 km.
Three apartments are allocated to each floor, all of which consist of open plan living and kitchen area, 2 bedrooms (master with en-suite shower), main bathroom, and covered veranda.
The top floor apartments located on the 6th floor enjoy individual access to their private roof garden on 7th floor hosting the 3rd bedroom, wc/shower room and barbeque area. These flats also benefit from solar panel net metering, offering the prospective buyer an extra financial incentive.
Hidden ceiling lighting feature in living area
allocated parking and storage
Audio and Video Door Entry System with remote control bar entry for tenants.
high quality construction
Smart home provision
class A energy efficient
south orientation of project providing light and airy units.
The sectioned architectural design of Academia Tower allows independent positioning of the apartments on each floor, offering maximum privacy.
A huge demand for rentals has been noticed in this area. An excellent investment opportunity that can create an income of 5% from yearly rentals and up to 9% for short term rentals.
Free of mortgage. Title deeds guaranteed. Price +VAT
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Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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