Shop & Flat in Chrysopolitissa, Larnaca
The property concerns a shop with a mezzanine and an office that has been converted into a flat, in Chrysopolitissa quarter. They are located on the corner of Arch. Makariou avenue and Golgon street, 120 meters from Port’s roundabout.
The building consists of 3 Blocks A, B and C with uncovered ground floor parking and an underground one.
The shop occupies a continuous position on Block C and the apartment holds the whole fifth floor on Block A.
The shop has an internal area of 36sqm and a mezzanine area of 18sqm. It offers an exclusive right of development of the 5th floor (number 1), which is whole floor apartment.
The apartment has an internal area of 443sqm and 11sqm of uncovered verandas. It consists of a living room, dining room, sitting room, kitchen, laundry room, 4 bedrooms with en-suite bathroom and W.C. and a guest W.C.
The immediate area has been developed with commercial and mixed-use buildings as well as residential houses/apartments.
District – Larnaca; Community : Larnaca MunicipalityQuarter – Chrysopolitissa Reg. 3/1329Covered Area: 479 m2Land area - 2,930 m2; Uncovered verandas: 11 m2Mezzanine area: 18 m2Sheet/Plan - 41/49W1; Parcel 744
Town planning zone: Commercial
Percentage: 29 %Building density: 200 %Coverage ratio: 50 %Max floors: 6Max height: 24m
Town planning zone: ResidentialPercentage: 71 %Building density: 140 %Coverage ratio: 50 %
Max floors: 6Max height: 24 mShared percentage: 100 %
Financials (USD)
Net Operating Income (Annual) Not Disclosed
Asking Price $722,152
Converted From EUR
Exchange Rate $1.17
Cap Rate Available On Request
Deal Terms
Broker Co-Op? Available On Request
Seller Financing Available? Available On Request
Seller Willing To Lease? Available On Request
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