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Investment opportunity

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Larnaca, Dromolaxia

Posted: 18.12.2024 14:59 Ad ID: 5577186

Reference number: 1562
Area: 285 m²
Type: Mixed use
Condition: Brand new
Plot area: 550 m²
Construction year: Older
Energy Efficiency: N/A
Square meter price: €1.439 /m²

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Mixed-Use Property with High Potential

This property is a solid investment opportunity for those looking to develop or renovate in a mixed-use area. Located on a 550 m² plot, it includes a ground-floor shops and a first-floor apartment, both in need of full renovation. The existing licenses allow for use as a shop, café, or short-term rental, offering flexibility for income generation.

120% building density

70% coverage

The location is in a mixed commercial and residential zone (Εβ/Πα9α), which ensures versatility for future use, whether as a business, residential units, or a combination of both.

While renovations will require investment, this property offers significant potential for growth and value appreciation, particularly for investors willing to modernize and repurpose the space. It's a project with long-term benefits in a desirable and adaptable area.

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SQUARE ARCHITECTS

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