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4 Bedroom Penthouse for sale in Larnaca Municipality, Larnaca

Larnaca Municipality, Larnaca, Cyprus
4 Bedroom Penthouse for sale in Larnaca Municipality, Larnaca 3355 Larnaca Municipality
550000 €550,000  ($594,083)
4 Bedroom Penthouse
Larnaca Municipality, Larnaca

€550,000  ($594,083)

VAT Applicable not included in the price
Palourtis Estate Agents

Palourtis Estate Agents

Real Estate reg. no. 961 / license no. 279/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 $20,793

Average Bank Rate (€550,000)
1 USD = 0.8945 EUR
$614,876

Mid-market rate (€550,000)
1 USD = 0.9258 EUR
$594,083

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: 640795 (5371)
  • Bedrooms: 4
  • Bathrooms: 3
  • Total covered area: 98 sqm
  • Newly built
  • Car Port
  • Elevator
  • Roof Garden
  • Storage Room
  • Veranda

Description

Τhe 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 the first and second floors, all of which consist of an open-plan living and kitchen area, 2 bedrooms (the master with an en-suite shower), a main bathroom, and a covered veranda.

The top-floor apartments, with 4 bedrooms located on the 6th floor, enjoy individual access to their private roof garden on the 7th floor, hosting the 4th bedroom, a WC/shower room, sauna, and a barbecue area. These flats also benefit from solar panel net metering, offering the prospective buyer an extra financial incentive.

Additional features:

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

click below to read the specifications:

ACADEMIA SPECIFICATIONS.pdf

Disclaimer - Property reference 640795. 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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