Hotel apart­ment build­ing for sale

#8375 Hotel apartment building for sale

This Larnaca property is a building which is currently being operated as hotel apartment business.

Due to its perfect location being right in the centre of Larnaca it is mostly occupied throughout the year.

It consists of 18 apartments:

3 x 2 bedroom 

3 studios

12 of  1 bedroom each.

On the ground floor there are 6 shops.

There is also a large storage room and a mezzanine. 

Income from the whole building approximately 170,000 euros/year.(if operated by the owners) from both the accommodation and the shops.

Shops income approximately 25.000 euros per year.

Th apartments only are currently rented out for 80,000 per year.(Expiry date of contract 30th of April 24)

Therefore total rental income:105,000 euros

Land area:368 m2

Density 240%,coverage 70%,

Main information
  • Region Larnaca
  • District Centre
  • Location Centre
  • Sale price 4.200.000 € 3.900.000 €
  • Area 990 m2
  • Plot size 368 m2
  • Parking
  • Re sale
  • Title deeds
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