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Pay in USD and save up to $191,344Description: Residences/Offices (Κατοικιες/Γραφεια)
Coverage: 0.5
Density: 1.4
Height: 17 meters
Allowed stories: 4
Development description: Local Plan Of Larnaca (Τοπικο Σχεδιο Λαρνακας)
Commercial: 0.25 Km
Tourist: 2.78 Km
Industrial: 1.64 Km
Agricultural: 2.99 Km
Farm: 5.69 Km
PRIME DEVELOPMENT PLOT Central Larnaca
~2,243 sqm plot area | Advanced Planning Stage
LOCATION
Prime frontage on one of Larnacas strongest commercial and residential corridors.
- Central city positioning
- High visibility & traffic exposure
- Proven residential demand
- Strong retail viability
TWO INVESTMENT OPTIONS
Formula 1 Plot Acquisition
- euro; 4.8M asking price
- Immediate value upside
Formula 2 Structured Mixed-Use Development (with plans)
- Assessed project value: 5.2M euro;
- Conservative construction cost: 2,000 euro/sqm
- Financial model available
- Flexible unit mix strategy
DEVELOPMENT PROJECT with plans
- 18-floor building
- Approx. 6,000 sqm total buildable area
- 39 residential units
- 5 retail units (ground floor)
- Option to increase 1-bedroom units (subject to permit modification)
Planning permit submitted
Preliminary views approval obtained
Advanced entitlement stage ideal timing for entry.
INVESTMENT HIGHLIGHTS
- Prime urban frontage
- Limited central land availability
- Strong market momentum
- Conservative underwriting
- Clear upside at entry
- High absorption potential
SERIOUS DEVELOPERS AND INVESTORS ONLY.
- Direct inquiries welcome.
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