Edificio de uso mixto a la venta en Larnaca

The property concerns a mixed-use building, in central Xylofagou village. It is located in a prime location opposite the St George Cathedral about 100m south from the main center round-about on the corner of Rigainis and Agiou Georgiou street opposite the Councils central park.

The ground floor was constructed in 1970 and was then licensed for change of use additions and complete modernization in the year 2006.
The ground floor consists of approx. 215 meters of a cover area with a big lounge area, kitchen and storage space, disable facilities such as disabled access and toilets, modern high ceiling aluminum openings and a covered veranda. An internal marble staircase leads to the first floor into another 70sq.m. of covered area. Here you will find a studio with its own kitchen an ensuite shower, separate mens and womens toilets. An access door leads to an open roof approx. 142sq.m. with 4 re-enforced columns that can be enclosed to another 36sq.m. of cover area.

The planning zone is ΕΒ-KEP (COMMERCIAL AND OTHER RELATED ACTIVITIES) with building coefficient of 120%. The immediate area of the asset is a mixture of cafeterias and residential developments.
This property is ideal for investment in residential & commercial change of use, such as Air BnB Hostel that can convert to a number of apartments on the ground and first floor and or divide into shops.

The Title deed of this prime plot is available and registered on a limited company, an SPV, that gives the option to any prospect buyer to save transfer fees and or VAT. Vacant possession.

THE CLOSING TIME FOR TENDER OFFER SUBMISSION IS 11:00 AM 15TH NOVEMBER 2024.

ALL OFFERS MUST BE MADE TO SWEETHOME ESTATES AND ARE SUBJECT TO APPROVAL BY THE VENDOR.