533m2 Building in Larnaca, Larnaka, Cyprus No. 62655

Situated in the rapidly evolving Drosia district of Larnaca, this location offers an appealing blend of commercial vitality and residential convenience for modern professionals and discerning tenants. The surrounding neighborhood features boutique cafés, design studios, coworking spaces, concept stores, gyms, and essential daily services, creating a vibrant urban environment. Residents benefit from direct access to the city’s cultural center, major retail hubs such as Metropolis Mall, and the nearby seafront. Efficient road connectivity provides swift access to main transport arteries leading to Nicosia, Limassol, Ayia Napa, and Protaras, while Larnaca International Airport is located under 15 minutes away, ensuring optimal convenience for business travelers.

Offered as a complete real estate investment opportunity at €1,500,000, this modern five-story building represents an attractive portfolio asset projected to generate an estimated annual rental income of €99,600, delivering a gross yield of 6.64% and an estimated return on investment of up to 7%. Characterized by a low-density boutique design, clean vertical lines, full-height glass facades, and elegant curved balconies, the structure delivers a strong architectural presence. The building consists of six light-filled apartments configured into one-bedroom, two-bedroom, and three-bedroom layouts, catering directly to diverse professional tenant demographics. Currently under construction, with completion scheduled for September 2027, the project allows investors to secure a brand-new building asset according to a clear timeline.

Designed to Class A energy efficiency standards, the building is equipped with forward-thinking technical infrastructure that supports lower long-term operating costs and high operational performance. Technical specifications include a photovoltaic system with net metering, double-glazed low-emissivity aluminium windows, thermal and acoustic insulation, solar water heating, and a pressurized water system. Essential building features encompass secure access, an electric vehicle charging station, smart wiring infrastructure, covered ground-floor parking, and dedicated storage rooms for every residence. Complete with high ceilings, large-format tiling, open-plan kitchens, en-suite bathrooms, spacious covered verandas, and roof garden access for select upper units, the property offers a premium spec environment tailored for sustained functional value.