Building in central larnaca for investment

BUILDING FOR SALE IN LARNACA CENTRE PRIME INVESTMENT OPPORTUNITY IN CHRYSOPOLITISA, LARNACA Rare opportunity to acquire a substantial mixed-use building in the heart of Larnaca Centre, offered at approximately HALF PRICE of the completed project to reflect the need for complete refurbishment. This exceptional property offers significant existing floor area, prime central positioning, commercial income potential, and the possibility to add an additional floor, making it an ideal acquisition for investors, developers and buyers seeking a high-potential redevelopment project. PROPERTY DETAILS The building currently comprises three floors: Ground Floor – Commercial 2 separate commercial premises Total covered area: 242 m² Excellent potential for retail, offices, professional use or other commercial purposes, subject to the necessary approvals. First Floor – 3-Bedroom Apartment 242 m² total area, including verandas Spacious single-floor 3-bedroom apartment Excellent potential for complete modernisation and conversion into a premium residential property. Second Floor – 3-Bedroom Apartment 242 m² total area, including verandas Spacious single-floor 3-bedroom apartment Offers the same excellent refurbishment and value-add potential as the first-floor residence. ADDITIONAL DEVELOPMENT POTENTIAL The building also offers the possibility to construct ONE ADDITIONAL FLOOR on top, subject to planning permission and all relevant approvals. This creates an exciting opportunity to increase the property's total usable area and significantly enhance its long-term value. WHY THIS PROPERTY? ✔ Prime location in Larnaca Centre ✔ Approximately 726 m² of existing floor area across three levels ✔ 2 commercial premises on the ground floor ✔ 2 spacious 3-bedroom apartments ✔ Potential for one additional floor ✔ Major value-add opportunity through refurbishment ✔ Offered at approximately HALF PRICE due to the property's current condition ✔ Ideal for investors, developers and property funds ✔ Excellent potential for capital appreciation and redevelopment A PROPERTY WITH VISION The building requires complete refurbishment, and this is precisely what creates the opportunity. With the right renovation and development strategy, the property has the potential to be transformed into a highly desirable mixed-use asset in one of Larnaca's most sought-after central locations. Priced at approximately HALF of its potential market value to reflect the required refurbishment, this is an opportunity that should not be overlooked. Whether your strategy is to renovate and resell, create premium residential units, retain commercial space for rental income, or develop the additional floor, the possibilities are substantial. DON'T MISS THIS OPPORTUNITY Prime Larnaca Centre location + substantial existing area + commercial potential + two large apartments + additional development potential + exceptional value. Serious investors are encouraged to act quickly. Opportunities of this scale and potential at this price point are rarely available in central Larnaca. Disclaimer: All information is provided in good faith and is subject to verification. No responsibility is accepted for any errors or omissions.