Investment Opportunity in a two-storey mixed use building in Xylofagou, Larnaka – id S4574

The property relates to a two-storey mixed use building situated in Xylofagou, Larnaka.andlt;br /andgt; It consists of two blocks with 19 units in total, 4 shops andamp; 15 apartments.andlt;br /andgt; Total enclosed areas consist of approximately 976 sq.m. with approximately 109 sq.m. of mezzanine and approximately 143 sq.m of covered verandas.andlt;br /andgt; 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.andlt;br /andgt; 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.andlt;br /andgt; Both blocks are connected with communal staircase and lobby.andlt;br /andgt; The shop no.1 on ground floor has 42 sq.m. internal area, 21 sq.m. mezzanine and 5 sq.m. covered verandas.andlt;br /andgt; The shop no.2 on ground floor has 42 sq.m. internal area, 19 sq.m. mezzanine and 5 sq.m. covered verandas.andlt;br /andgt; The shop no.3 on ground floor has 45 sq.m. internal area, 21 sq.m. mezzanine and 7 sq.m. covered verandas.andlt;br /andgt; The shop no.4 on ground floor has 95 sq.m. internal area, 48 sq.m. mezzanine and 9 sq.m. covered verandas.andlt;br /andgt; The apartment no.1 on mezzanine has 60 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.2 on mezzanine has 28 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.3 on first floor has 24 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.4 on first floor has 24 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.5 on first floor has 52 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.6 on first floor has 38 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.7 on first floor has 50 sq.m. internal area and 5 sq.m. covered verandas. andlt;br /andgt; The apartment no.8 on second floor has 52 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.9 on second floor has 38 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.10 on second floor has 50 sq.m. internal area and 5 sq.m. covered verandas. andlt;br /andgt; The apartment no.11 on second floor has 65 sq.m. internal area and 5 sq.m. covered verandas. andlt;br /andgt; The apartment no.12 on second floor has 76 sq.m. internal area and 14 sq.m. covered verandas. andlt;br /andgt; The apartment no.13 on second floor has 85 sq.m. internal area and 28 sq.m. covered verandas. andlt;br /andgt; The apartment no.14 on second floor has 60 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; The apartment no.15 on third floor has 50 sq.m. internal area and 6 sq.m. covered verandas. andlt;br /andgt; andlt;br /andgt; The asset is located approximately 1.8km from A3 motorway, approximately 350m from Xylofagou community center and approximately 2.7km from the beach.andlt;br /andgt; andlt;br /andgt; A certificate of final approval has been issued for the north-eastern block.andlt;br /andgt; 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.andlt;br /andgt; andlt;br /andgt; The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.