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Description: Areas With Dominant Use The Residence (Περιοχες Με Επικρατουσα Χρηση Την Κατοικια)
Coverage: 0.5
Density: 0.9
Height: 10 meters
Allowed stories: 2
Development description: Local Plan Of Larnaca (Τοπικο Σχεδιο Λαρνακας)
Commercial: 0.91 Km
Tourist: 2.66 Km
Industrial: 2.05 Km
Agricultural: 0.31 Km
Farm: 3.25 Km
A large plot of land of 2,655 m² is available for sale in Larnaca, in the area of the Antonis Papadopoulos Stadium, close to the marina and the mall. Larnaca city centre is only a 7-minute drive away.
A planning permit is expected to be issued by the end of December 2025. The project allows for the construction of three apartment blocks and a swimming pool.
Block A consists of:
A gym on the ground floor
6 one-bedroom apartments
2 two-bedroom apartments
2 three-bedroom apartments
Roof gardens
Block B consists of:
8 one-bedroom apartments
4 two-bedroom apartments
Roof gardens
Block C consists of:
9 two-bedroom apartments
Roof gardens
Additionally, two ground-floor two-bedroom apartments are included.
In total, the project comprises 31 apartments.
Considering the time required for preparing the architectural plans and obtaining the permits, this development is ideal for investors or developers ready to begin construction and sales.
The deal concerns the sale of company shares, offering a significant advantage — no transfer fees and no VAT.
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.
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