Five adjacent plots for sale, complete with approved architectural plans and planning permits for both commercial and residential development, ideally located near the Metropolis Mall in Larnaca.

The property benefits from permits for a large commercial showroom of approximately 750 m², plus an additional 300 m² mezzanine and 380 m² basement/underground space, making it suitable for a wide range of uses such as car dealerships, retail outlets, or other commercial businesses.

The development is also licensed for the construction of 36 residential apartments (one- and two-bedroom units), offering excellent mixed-use investment potential.

Additional approvals include 80 parking spaces.

The location is considered prime, within walking distance to Metropolis Mall and with immediate access to the highways connecting Nicosia, Limassol, and Ayia Napa. The area enjoys very strong demand for both sales and rentals due to its proximity to the mall and surrounding amenities. Finikoudes Beach and Larnaca town centre are only a 10-minute drive away.

Plot sizes:
Plot 1: 521 m²
Plot 2: 521 m²
Plot 3: 730 m²
Plot 4: 550 m²
Plot 5: 536 m²

Total land area: 2,901 m²

This is an excellent opportunity for developers or investors seeking a ready-to-build project with approved licences in a high-demand commercial and residential area.• Ready-to-develop project with approved planning permits and architectural licences, reducing time to market and development risk
• Mixed-use scheme combining commercial showroom space and 36 residential apartments for diversified income streams
• Licensed commercial showroom of 750 m² + 300 m² mezzanine + 380 m² basement, ideal for high-value tenants (automotive, retail, flagship stores, etc.)
• 36 one- and two-bedroom apartments in a high-demand rental area, suitable for both long-term and short-term rentals
• 80 parking spaces, enhancing commercial viability and tenant demand
• Prime location next to Metropolis Mall, ensuring strong footfall and consistent occupancy
• Excellent connectivity to Nicosia, Limassol, and Ayia Napa highways, increasing attractiveness to both residents and businesses
• High rental yield potential due to proximity to major retail, amenities, and Larnaca city centre
• Immediate development capability with no lengthy licensing procedures required
• Strong resale and exit value supported by limited supply of licensed mixed-use land in the area
• Suitable for phased development, pre-sales, or build-to-rent strategy

Investment Potential

• Multiple revenue streams (retail + residential)
• Strong capital appreciation prospects
• Stable recurring rental income
• Lower development risk due to existing approvals
• Attractive opportunity for developers or institutional investors