Academia Tower is a 7-floor luxury apartment building excellently located in Larnaca town centre in a quiet residential and historical area behind the American Academy school and close to amenities. Where Zenon of Citium was living, the famous Finikoudes sea promenade is in a walking distance. Larnaca also hosts the main International Airport at a distance of 8.3 km.
Three apartments are allocated to each floor, all of which consist of open plan living and kitchen area, 2 bedrooms (master with en-suite shower), main bathroom, and covered veranda.
The top floor apartments located on the 6th floor enjoy individual access to their private roof garden on 7th floor hosting the 3rd bedroom, wc/shower room and barbeque area. These flats also benefit from solar panel net metering, offering the prospective buyer an extra financial incentive.
The sectioned architectural design of Academia Tower allows independent positioning of the apartments on each floor, offering maximum privacy.
A huge demand for rentals has been noticed in this area. An excellent investment opportunity that can create an income of 5% from yearly rentals and up to 9% for short term rentals.
Free of mortgage. Title deeds guaranteed. Price +VAT
Show flat available for viewing by appointment.
About the history…
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Start: 15th March, 2019
End: 01st May, 2021