A project of ten apartments in Larnaca №32489

For sale exclusive project, Hotel Apartment Building available for immediate sale in Larnaca, Cyprus. Key Highlights of this Investment Opportunity: • Newly built in 2010, 5-floor building made of ten 2-bedroom apartments with a total building surface of 895 m2. • Fully operational business model in place as an all-year operation Hotel Apartment Property with an average Occupancy Rate of 70%, generating income through online booking platforms (i.e. Booking.com / Airbnb) / direct bookings. Additional Information: •Separate Title Deeds for each apartment; therefore each apartment can also be easily sold separately. •Can be converted to a medium / long term rental property, if required. •Located in a commercial area of Larnaca, which at the momentis predominantly an area of residential properties, mainly apartment buildings, many of which are available for short term stay. In close proximity tothe Project one can find Foinikoudesbeach (c.400m), the Medieval Castle (c.500m) and St. Lazarus church (c.250m) which are well known tourist attractions of the city. The old Larnacaport and Marina are located c.500m from the Project and are planned to be re-developed by the Government (1+Billion investment) to accommodate 650 berths, residential and commercial developments (i.e. luxury villas, educational and medical centres, restaurants, cafes etc.). This project enhances significantly the prospects of the surrounding area. •In addition, the Project is located inclose proximityfrom Ermoustreet, the main commercial street of Larnaca, consisting of numerous retail stores, cafes and restaurants.