Mixed use building for sale in Larnaca

FOR SALE BY TENDER
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 initially constructed in 1970 and was then licensed for change of use additions and complete modernization in the year 2006.
It 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 entailing 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.
The asset has the option for change of use investments residential or commercial.
Title deeds available.

TENDER OFFERS MUST BE MADE TO SWEETHOME ESTATES AND ARE SUBJECT TO APPROVAL BY THE VENDOR. FINAL DATE FOR TENDER SUBMISSION IS 31/12/2024.