Investment Opportunity: Three-Storey Residential Building with 4 Apartments in Kiti, Larnaca

About this property

This three-storey residential building presents an exceptional investment opportunity in the sought-after area of Kiti, Larnaca. The property represents a 50% share of the plot, Distribution Agreement is available. An application is already in progress for horizontal and vertical subdivision and the issuance of separate Title Deeds. Property Highlights: • Total Units: Four (4) two-bedroom apartments • Total Internal Area: 307 sq.m. • Plot Area: 1/2 share of 844 sq.m. (approximately 422 sq.m.) • Occupancy Status: Vacant Building Description: The building features four well-designed two-bedroom apartments. Each unit boasts a similar modern layout, including an open-plan living and kitchen area, a main bathroom, and two bedrooms—one of which features an en-suite shower and toilet. Ground Floor – • Enclosed Area: 82 sq.m. • Uncovered Veranda: 29 sq.m. • En-suite walk-in wardrobe 2. First Floor – • Enclosed Area: 74 sq.m. • Covered Verandas: 13 sq.m. • Uncovered Verandas: 4 sq.m. First Floor – • Enclosed Area: 75 sq.m. • Covered Verandas: 13 sq.m. • Uncovered Verandas: 4 sq.m. 4.Second Floor – (Penthouse) • Enclosed Area: 76 sq.m. • Covered Veranda: 3 sq.m. • Large Uncovered Terrace: 101 sq.m. An active application is currently in progress for both horizontal and vertical subdivision, as well as the issuance of separate Title Deeds. The asset is located approximately 150m south of Archbishop Makarios III Avenue, a main road that connects Larnaca Municipality with Meneou Municipality and about 250m south of the Kiti Regional Gymnasium. There is a Distribution Agreement in place. Pending issuance of Energy Performance Certificate

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