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A prime Special Protection field measuring 5,270 sq.m. in Maroni, Larnaca.
The property boasts a rectangular shape and flat surface, with excellent access via registered roads and 60m of frontage. Strategically located just 7km from the B1 motorway, 1km from the beach, and 4km from Zygi community center, this asset offers significant development potential. Falling within Zone Z1, the property allows for a 6% building coefficient, 6% coverage, and permission for 2 floors (up to 8.3m), making it ideal for coastal investment opportunities.
Currently occupied by a tenant for greenhouse cultivation, the asset also includes a small prefabricated unit. An existing 10-year lease agreement, effective from 15.01.2021, ensures steady rental income, with the option for a 4-year extension until 2035.
Lease terms:
15.01.2021 – 14.01.2024: €800/year
15.01.2024 – 15.01.2027: €1,000/year
15.01.2027 – 14.01.2031: €1,200/year
15.01.2031 – 14.01.2035: €1,400/year
This asset presents a solid long-term investment opportunity with guaranteed income and future development potential.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 1520392. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.
