Shop & Flat in Chrysopolitissa, Larnaca

Larnaca, Cyprus
Asking Price: $722,152 (€616,000 EUR)
Real Estate Details
Listed on Nov 17, 2023(Renewed on Jul 1, 2024)

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 Municipality Quarter – Chrysopolitissa Reg. 3/1329 Covered Area: 479 m2 Land area - 2,930 m2; Uncovered verandas: 11 m2 Mezzanine area: 18 m2 Sheet/Plan - 41/49W1; Parcel 744

Town planning zone: Commercial
Percentage: 29 % Building density: 200 % Coverage ratio: 50 % Max floors: 6 Max height: 24m

Town planning zone: Residential Percentage: 71 % Building density: 140 % Coverage ratio: 50 %
Max floors: 6 Max height: 24 m Shared percentage: 100 %

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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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