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Building For Sale in Larnaca, off Arch. Makariou III street


Arc. Makarios Iii, Larnaca

REF: B-112368
€1,200,000
ENQUIRE NOW
Available
Property for Sale in Larnaca, Arc. Makarios Iii, Cyprus
Property for Sale in Larnaca, Arc. Makarios Iii, Cyprus
Property for Sale in Larnaca, Arc. Makarios Iii, Cyprus
Property for Sale in Larnaca, Arc. Makarios Iii, Cyprus
Property for Sale in Larnaca, Arc. Makarios Iii, Cyprus
Property for Sale in Larnaca, Arc. Makarios Iii, Cyprus

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Internal Area (sq.m.)
850m2
Plot/land (sq.m.)
500m2

Property Details

Property Details
  • For Sale
  • Property Type: Building
  • Property Subtype: Residential
  • Property Label: Investment Property
  • Location: Larnaca, Arc. Makarios Iii, Cyprus
  • Internal Area: 850sqm
  • Price: €1,200,000
  • VAT: N/A
  • Loan Installment: €5,882

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:
Assumptions:
Closing Price: €1,200,000
Own Contribution (30%): €360,000
Loan Amount (70%): €840,000
Interest rate: 3.2%
Years of repayment: 15 years

More Information
  • Status: Resale/Used
  • Age: 42 Years
  • Total No of Floors: 4
  • Plot/Land Size: 500sqm
  • Units: 12
  • Reference: B-112368
  • Energy Efficiency Certificate: In Progress

Property Description

Building For Sale just off Arch. Makariou III street, in Larnaca.

Ideal location close to all amenities and walking distance to Finikoudes beach, the Port and the New Marina.

It consist of 4 floors with total 12 apartments (9 x 1 bedroom & 3 x 2 bedroom), with the provision and plans for 2 more ground-floor apartments.

Could be used as hotel apartments, as well as long or short term rentals, with high returns.

Very well maintained building. A big part of the building is renovated.
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Charalambos Constantinou

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Additional Details

Title deed or under separation
Title Deeds
Use of building
Residential
No of parking spaces
6
Air Conditioning

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