Three storey residential building located in Kiti, Larnaca

The asset is a three-storey residential building with a covered parking area on a 50% shared plot and it is located in Kiti, Larnaca. A 50% share, 422sq.m, of 844sq.m total land area. 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 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 asset is located approximately 150m south of Archbishop Makarios III Avenue, a main road that connects Larnaca Municipality with Meneou Municipality and about 250 meters south of the Kiti Regional Gymnasium. The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.