1633m² Building for Sale in Larnaca District

Larnaca district Posted 2 years ago Updated 3 months ago

6+Bedrooms

1,633 m²Covered area

980 m²Plot

Brand NewCondition

2020Built

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1st Class Homes Agency · R.N.:690 L.N.:367/E 6,704 for sale

About this home

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This modern 4-storey hotel is conveniently located in the historic center of Larnaca on a charming side street, within walking distance of local attractions and the shopping area. There are 2 bars and a restaurant on site.
It features a rooftop pool with magnificent views of the Mediterranean Sea(500 m). The hotel is located near the Church of St. Lazarus and the medieval castle of Larnaca.
This is our guests ' favorite part of Larnaca, according to independent reviews. The hotel was opened in 2020.
Internal rate of return (GNR) IRR 12%
Features:

Free parking
Gym
Wi-Fi
Luggage storage
Outdoor swimming pool
Laundry room
Concierge service

Reference: 31739
Property type: Building
Plot area: 980 m²
Construction year: 2020

What it will really cost

Is this your first home in Cyprus?Reduced 5% VAT applies to the first 150 m² of your main residence.

Asking price€13,000,000

VAT at reduced 5%€2,302,823

Title transfer fee None

Estimated total€15,302,823

Mortgage estimate

Deposit Interest rate Term

Monthly payment—

Estimate only. Legal fees, stamp duty and mortgage costs are not included.

How the price compares

204% above
average

At €7,961/m² compared with an average €2,623/m² across 59 similar listings — building in Larnaca.

Asking price per m²This home

Average €2,623 This home €7,961

€747€4,354€7,961

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