Apartment for sale in Larnaca, Cyprus

Cyprus, Larnaca Buy

from 485,000 EUR

Apartments 98 m² 4, 5

Residence at 700 meters from the promenade, in the center of Larnaca, Cyprus — photo 1

Residence at 700 meters from the promenade, in the center of Larnaca, Cyprus — photo 2

Residence at 700 meters from the promenade, in the center of Larnaca, Cyprus — photo 3

Residence at 700 meters from the promenade, in the center of Larnaca, Cyprus — photo 4

Residence at 700 meters from the promenade, in the center of Larnaca, Cyprus — photo 5

Residence at 700 meters from the promenade, in the center of Larnaca, Cyprus — photo 6

Residence at 700 meters from the promenade, in the center of Larnaca, Cyprus — photo 7

Residence at 700 meters from the promenade, in the center of Larnaca, Cyprus — photo 8

Characteristics

Type Apartments

Square 98 m²

Rooms 4, 5

To the sea 700

Market New Build

Parking Terrace Garden Panoramic windows Plumbing

Description

Τhe Academia Tower is a 7-floor luxury apartment building.

Three apartments are allocated to the first and second floors, all of which consist of an open-plan living and kitchen area, 2 bedrooms (the master with an en-suite shower), a main bathroom, and a covered veranda.

The top-floor apartments, with 4 bedrooms located on the 6th floor, enjoy individual access to their private roof garden on the 7th floor, hosting the 4th bedroom, a WC/shower room, sauna and a barbecue area.

Advantages

A huge demand for rentals has been noticed in this area.

An excellent investment opportunity that can create an income of 5% from yearly rentals and up to 9% for short-term rentals.

Location and nearby infrastructure

The property is excellently located in Larnaca town centre, in a quiet residential area behind the American Academy school and close to amenities. The famous Finikudes sea promenade is only 700 meters away. Larnaca also hosts the main International Airport at a distance of 8.3 km.

Registration Board 1209 and License Number 619.