3 Apartments & La Veranda Restaurant For Sale In Pyla Larnaca

Description

3 Apartments & La Veranda Restaurant For sale in Pyla Larnaca Cyprus

Esales Property ID: es5554810

thasou 9
larnaca
Pyla larnaca
7081
Cyprus

A Premier Investment Opportunity: La Veranda Restaurant & Three Apartments in Pyla, Larnaca, Cyprus – €800,000

This is an exceptional and rare opportunity to acquire a unique mixed-use commercial and residential property in the highly sought-after tourist area of Pyla, Larnaca, Cyprus. Known as La Veranda, this property combines an established, fully operational ground-floor restaurant with three independent residential apartments on the upper floor, presenting a compelling prospect for both seasoned investors and those seeking a lucrative lifestyle business on the beautiful Cypriot coast.

Unbeatable Location: The Heart of the Larnaca Tourist Area

The strategic location of La Veranda is arguably its most significant asset. Situated directly on the renowned Dhekelia Road in the Pyla tourist area, the property enjoys a high-visibility position. Crucially, it is located opposite the prestigious GOLDEN BAY BEACH HOTEL, placing it in the very heart of a thriving tourism hub. This proximity to major 5-star hotels, blue-flag beaches, and a vibrant strip of cafes, bars, and entertainment facilities ensures consistent foot traffic and a built-in customer base for the restaurant, while the apartments benefit from the desirability of the location for both short-term holiday rentals and long-term residency.

The surrounding area is characterized by a mix of luxury villas, established residential complexes, and a robust commercial environment, making Dhekelia Road one of the most prestigious and active coastal strips in the Larnaca district. The location offers excellent road links, connecting quickly to Larnaca city centre, the international airport (Larnaca International Airport – LCA), and the main motorway network for easy access to Limassol, Nicosia, and Ayia Napa.

Property Composition and Features

La Veranda is a versatile two-story building structure composed of a ground-floor commercial unit and three separate residential units above.

The Commercial Unit: Fully Equipped Restaurant

The entire ground floor is dedicated to the operation of a professional restaurant, also known by the name La Veranda. This is a significant commercial asset, ready for immediate operation.

* Space: The ground floor is a fully equipped restaurant space. The full size in square meters will be provided to genuinely interested parties ('To follow').
* Facilities: The restaurant includes all necessary professional facilities, including a fully fitted kitchen area (details to be confirmed), a dining area, and dedicated public toilets.
* Turn-Key Operation: The sale includes the property fully furnished (details of commercial equipment and furniture to be confirmed), allowing a new owner to take over operations seamlessly or to immediately lease the commercial space.

The Residential Units: Three Independent Apartments

Located on the upper floor of the complex are three independent apartments, each designed as a complete, self-contained living unit with its own separate entrance. This division provides distinct revenue streams from the residential component, separate from the commercial income of the restaurant.

* Apartment Configuration: Each of the three flats is a complete unit, featuring:
* One Bedroom: Providing private sleeping quarters.
* One Bathroom: Private to each apartment.
* Kitchen: Fully equipped for self-catering.
* Living Area: Comfortable space for relaxation and entertaining.
* Balcony: Offering private outdoor space to enjoy the Cypriot climate.

* Furnishing: All three apartments are being sold furnished, making them instantly ready for rental income (either holiday or long-term) or immediate occupation.
* Residential Amenities: The complex does not feature a private or communal pool, a detail which helps to keep communal fees low, a desirable feature for tenants or residents.

Views

The property offers road views looking out onto the lively Dhekelia Road, which is softened by the presence of trees and plants lining the street. The view encompasses the high-end hotels (such as the Golden Bay Beach Hotel opposite) that define the prestigious tourist area, ensuring a dynamic and desirable environment. While not direct sea view, the proximity to the coast is a clear advantage.

Investment Highlights

The acquisition of La Veranda is a highly attractive investment proposition in the stable and growing Cyprus property market, offering the rare combination of commercial and residential income generation from a single asset:

1. Dual Income Stream: Immediate rental income potential from the three separate apartments, coupled with direct operational income or lease revenue from the established ground-floor restaurant.