Residential Building in Kiti - Larnaca

Property 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.

The apartment on the ground 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 big veranda.
On the first floor there are 2 two bedroom apartments.
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..
The other apartment 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 rent

The asset is located approximately 150m south of Archbishop Makarios III Avenue, a main road that connects Larnaca Municipality with Meneou Municipality and about 250 meters south of the Kiti Regional Gymnasium.
The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.