Investment Property in Larnaca

#INV38041HOT

€ 6,500,000

Larnaca, Larnaca

Overview

  • Bed Rooms 26
  • Plot 884
  • Area Size 1779
  • No

Fully Furnished 26-Apartment Building with Rooftop Sea-View Terrace, Professionally Managed as Short-Term Rentals Located in Larnaca City Centre, Larnaca

A unique new 6-storey residential building in the heart of a developing area in Larnaca, comprising 26 spacious and carefully designed apartments, each with a bedroom and living room. All units are fully equipped and furnished to a high standard, with architectural planning that combines functionality with meticulous design.

Status - Existing (operating as short-term rentals)

VAT - Unspecified

On the ground floor, a spacious lobby includes modern workspaces intended for use by residents and guests, with the possibility of holding business meetings in a professional and pleasant environment.

On the rooftop of the building, an open terrace offers a breathtaking panoramic view of the sea and the historic centre of Larnaca.

Property Details:

26 residential apartments, one-bedroom plus living room, with spacious balconies

Built area: 1,779 m²

Plot size: 884 m²

Building fully renovated from the ground up with an added floor, fully furnished and occupied since the end of 2023

Title deeds in an advanced process of issuance

Ongoing management: the building is currently operated by a professional management company, which runs the apartments as short-term rental units

Reception, internet and roof garden

The property has been operating for a year and a half, with estimated annual growth of between 5-7%.

A turnkey, professionally managed hospitality asset in a developing central location.