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Pay in USD and save up to $45,978This residential plot is situated in the heart of Larnaca and offers an excellent opportunity for the development of either a private residence or a four-storey apartment building, with a maximum permissible height of 17 metres.
The property falls within Planning Zone Kα3, providing strong development potential for both investors and developers. According to the planning regulations, the plot allows for a building density of up to 140%, a building coverage of up to 50%, and 100% site coverage for auxiliary areas, subject to the relevant approvals.
The property consists of two houses, one located on the ground floor and the other on the first floor, both of which have been rented out.
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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