976m² Building for Sale in Xylofagou, Larnaca District

Mixed Use Building for Sale in Larnaca, Ormideia village. The property is a mixed use building that is currently used as a private institute. The building was built in 2009, is furnished and equipped with electrical appliances and a/c. It comprises of lobby area, 2 conference rooms, separate kitchen and toilets (for women, men and people with disabilities). Ground floor internal covered area is 124 sq.m. Additionally, there is covered basement of 142 sq.m.

It is noted that there is a possibility of building a second floor.

Title deed available only for the land, that corresponds to 50% share.

Extra: Furnished, A/C, Basement, Covered Parking

The building consists of one apartment on the ground floor, two apartments on the first floor and one apartment on the second floor. Additionally, there are four covered parking spaces.

The First Unit is on the ground floor it has enclosed area of 82sq m. It consists an apartment with two bedrooms, one open plan living and dining area and 2 wc.
The Second and the Third Unit are placed on the first floor. They consist of two, two-bedroom apartments each with 75 sq m enclosed area approximately.
The Fourth Unit is placed on the second floor and has enclosed area of 76 sq m. It consists of a two-bedroom apartment

The asset contains expired division permit into two plots, planning and building permits for the development of 4 apartments along with the final approval. For the activation of this permits, renewal must take place. The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.

Ιt is well noted that the property is vacant.

Mixed Use building for sale in Xylofagou. It consists of two blocks with 19 units in total, 4 shops & 15 apartments. Total enclosed areas consist of approximately 976 sq.m. with approximately 109 sq.m. of mezzanine and approximately 143 sq.m of covered verandas.
The northeastern block was constructed around 1990 and consists of 4 shops with mezzanine, 2 apartments on the mezzanine and 4 apartments on the 1st floor.
The southwestern block was constructed around 2005 and consists of a covered parking space at the ground floor, 5 apartments on the mezzanine and 4 apartments on the 1st floor. Both blocks are connected with communal staircase and lobby.

It is noted that a certificate of final approval has been issued for the north-eastern block.
South-western block building permits should be renewed and separate title deeds could be issued subject to issuing relevant permits and proceeding to legalizations within the property.

The asset is located approximately 1.8km from A3 motorway, approximately 350m from Xylofagou community center and approximately 2.7km from the beach.

A certificate of final approval has been issued for the north-eastern block.
South-western block building permits should be renewed and separate title deeds could be issued subject to issuing relevant permits and proceeding to legalizations within the property.

The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.

The asset is located approximately 1.8km from A3 motorway, approximately 350m from Xylofagou community center and approximately 2.7km from the beach.

A certificate of final approval has been issued for the north-eastern block.
South-western block building permits should be renewed and separate title deeds could be issued subject to issuing relevant permits and proceeding to legalizations within the property.

The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.