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7,946 SQM Land
Alethriko, Larnaca

€260,000  ($297,225)

21 Property Finder

21 Property Finder

Reg. No: 1022 / Licensed No: 505/E

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Compared currency flag Pay in USD and save up to $10,403

Average Bank Rate (€260,000)
1 USD = 0.8452 EUR
$307,628

Mid-market rate (€260,000)
1 USD = 0.8748 EUR
$297,225

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 8693573 (154855)
  • Plot: 7946 sqm

Description

Land with title deed, area 7,946 sqrm, in the area of Alethriko within Larnaca district. The land characteristics are: within planning zone G3, has a build coefficient of 10.000% with covered coefficient of 10.00%, maximum building permissible height 8.30 meters, and maximum number of floors 2. Τhe land area is 7,946 square meters. After getting relevant permits from the local authorities, you can build a building of total area 795 sqrm. The value of this investment comes to € 327 per square meter of covered area. Walking distance from: bank, pharmacy, hair dresser, corner shop, bakery, park. 5 minutes from: nursery, primary school, supermarket, childrens play area, gymnastics center, Church. The type of road leading to the property is tarmac secondary road. The property has no VAT tax. This Land has title deed ready. Completion of sale with the transfer of the title deed at District Land Registry. The Land This substantial plot encompasses 7,946 square meters of wellestablished land, thoughtfully planted with 220 mature olive trees that create a charming Mediterranean landscape. The property benefits from excellent drainage infrastructure and is securely fenced, providing both privacy and protection. The natural beauty of the olive grove offers tremendous character and potential for those seeking a connection to traditional Cypriot heritage. Zoning and Permitted Use Situated within planning zone G3, this land offers generous development opportunities with a building coefficient of 10.000 percent and a covered coefficient of 10.00 percent. The regulations permit a maximum building height of 8.30 meters across a maximum of 2 floors, allowing for the construction of a building with a total area of approximately 795 square meters following approval from local authorities. Views and Setting The property enjoys a peaceful rural setting while remaining conveniently close to essential services and community facilities. The surrounding landscape is characterised by the tranquility of olive groves and open countryside, creating an idyllic environment that balances natural serenity with practical accessibility to everyday amenities. Development Potential This presents an excellent opportunity for residential or mixeduse development with remarkable value potential. The generous land area combined with the permitted building coefficient allows for creative architectural planning and the creation of a substantial property that maximizes the natural advantages of the site. The Location The property benefits from convenient proximity to all essential services, with a bank, pharmacy, hair salon, corner shop, bakery and park all within comfortable walking distance. Within just five minutes you will find a nursery, primary school, supermarket, childrens play area, gymnastics center and church, making this location ideal for families and those seeking a vibrant community atmosphere. Legal Standing The land comes with a clear title deed that is ready for immediate transfer, ensuring a smooth and straightforward transaction. Completion of sale involves the official transfer of the title deed at the District Land Registry, providing complete legal security and peace of mind for the new owner. Investment Appeal With outstanding development potential, secure legal status and a prime location combining rural charm with urban conveniences, this land represents a compelling investment opportunity. The combination of established infrastructure, excellent surrounding facilities and substantial building rights creates a rare offering in todays property market. We warmly invite you to arrange a viewing of this exceptional property and discover firsthand the wonderful possibilities it offers.

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Buying expenses

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.

Transfer fees
If buying as an individual
€7,000 ($8,002)
If buying on joint names
€4,800 ($5,487)

Disclaimer - Property reference 8693573. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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