Investment Opportunity in a two-storey mixed use building in Xylofagou, Larnaka – id S4574

  • €650,000
Xylofagou, Cyprus
For Sale
Investment Opportunity in a two-storey mixed use building in Xylofagou, Larnaka – id S4574
Xylofagou, Cyprus
  • €650,000

Description

The property relates to a two-storey mixed use building situated in Xylofagou, Larnaka.andlt;br /andgt; It consists of two blocks with 19 units in total, 4 shops andamp; 15 apartments.andlt;br /andgt; Total enclosed areas consist of approximately 976 sq.m. with approximately 109 sq.m. of mezzanine and approximately 143 sq.m of covered verandas.andlt;br /andgt; The northeastern block was constructed around 1990 and consists of 4 shops with mezzanine, 2 apartments on the mezzanine and 4 apartments on the 1st floor.andlt;br /andgt; The southwestern block was constructed around 2005 and consists of a covered parking space at the ground floor, 5 apartments on the mezzanine and 4 apartments on the 1st floor.andlt;br /andgt; Both blocks are connected with communal staircase and lobby.andlt;br /andgt; The asset is located approximately 1.8km from A3 motorway, approximately 350m from Xylofagou community center and approximately 2.7km from the beach.andlt;br /andgt; A certificate of final approval has been issued for the north-eastern block.andlt;br /andgt; South-western block building permits should be renewed and separate title deeds could be issued subject to issuing relevant permits and proceeding to legalizations within the property.andlt;br /andgt; The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.

  • City Larnaca
  • Area Xylofagou

Details

Updated on May 16, 2024 at 2:50 am
  • Property ID: S4574
  • Price: €650,000
  • Property Type: Apartment Building
  • Property Status: For Sale

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