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

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.<br> <br> Property Highlights:<br> • Total Units: Four (4) two-bedroom apartments<br> • Total Internal Area: 307 sq.m.<br> • Plot Area: 1/2 share of 844 sq.m. (approximately 422 sq.m.)<br> • Occupancy Status: Vacant <br> <br> Building Description: <br> 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.<br> <br> Building Description: <br> 1. Ground Floor – Apartment 001<br> • Enclosed Area: 82 sq.m.<br> • Uncovered Veranda: 29 sq.m.<br> • En-suite walk-in wardrobe<br> <br> 2. First Floor – Apartment 101<br> • Enclosed Area: 74 sq.m.<br> • Covered Verandas: 13 sq.m.<br> • Uncovered Verandas: 4 sq.m.<br> <br> 3. First Floor – Apartment 102<br> • Enclosed Area: 75 sq.m.<br> • Covered Verandas: 13 sq.m.<br> • Uncovered Verandas: 4 sq.m.<br> <br> 4.Second Floor – Apartment 201 (Penthouse)<br> • Enclosed Area: 76 sq.m.<br> • Covered Veranda: 3 sq.m.<br> • Large Uncovered Terrace: 101 sq.m.<br> <br> An active application is currently in progress for both horizontal and vertical subdivision, as well as the issuance of separate Title Deeds.<br> <br> 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.<br> <br> There is a Distribution Agreement in place.<br> Pending issuance of Energy Performance Certificate.