Building in Larnaca

Building in Larnaca

Larnaca, Cyprus

For Sale

€2,000,000

  • FIRESTATION
  • FIRE-3
  • FIRE-2
  • FIRE-1

Property ID :

 CYMK-0000-03

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Area

327 Sq M

Description

Building located near the Fire Station, in Larnaca.

The buildings consider of 3 shops total area of 327m2 and 324m2 basement.

The 3 shops have a yearly income of €90,720. There are plans and permit to build another 7 floors of offices or apartments on the top of the shops with 15 parking places.

In case investor proceed and develop the project can build additional 1,285m2 of office spaces (seven floors on top of the existing shops).

The expected income from rental is €18,000 ( 14 Euros per meter X 1285) and in case of selling the office floors expected income is between 4 to 4.5 million Euros ( 3,000 to 3,500 Euros per meter X 1285).

Title deed: Available.

 

Additional Details

  • Parking Space: 15
  • Basement: 324 Sq M

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