Academia Tower is a 7-floor luxury apartment building with ground floor covered allocated parking and roof garden. The first 5 floors host three, 2-bedroom apartments on each floor and the 6th floor three, 3-bedroom apartments of which all boast high quality construction with Smart home provision and with the latest methods of energy efficiency class A. The sectioned architectural design of Academia Tower provides for independent positioning of the apartments on each floor, with hardly any shared walls, offering maximum privacy.
The south orientation of the project means that the apartments are light and airy.
All flats on this project consist of open plan living and kitchen area, 2/3 bedrooms (master with en-suite shower), main bathroom, and covered veranda that in future could be utilized differently (i.e. office).
The top floor apartments located on the 6th floor also enjoy individual access to their allocated roof garden on 7th floor with wc and shower room, electrical room and barbeque area, offering views of the surrounding area.
Two of the three top floor apartments also benefit from solar panel net metering, offering the prospective buyer an extra financial incentive.
All apartments will be provided with an Audio & Video Door Entry System, and a remote control for automatic bar opening for tenants.
The living room ceiling will be fitted with plasterboard, and hidden lighting installed which will add a sense of beauty to the area. We have a ready apartment in the building to show our customers, which you can visit by appointment.
Academia Tower is excellently located in Larnaca town centre. A quiet residential area behind the American Academy school, providing easiest and safest access to the school and close to amenities. The famous Finikudes promenade is only 700m away. Larnaca also hosts the main International Airport that is only 8.3 km away.
A huge demand for rentals has been noticed in this area.
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
Hotel Facilities (Optional) – Special Package from the time of delivery of apartment
St. Elena Boutique Hotel – CLICK on the photo to see information of the Hotel
This project qualifies for Permanent Residency by Investment or Cyprus Citizenship (EU passport) (for whole project). Contact us for more information on investment criteria.
**** sizes are approximate and subject to change
Sale Price + VAT€ 338.000