2176 SQM Plot for sale in Faneromeni, Larnaca

We present a prime property in the area of Agios Nikolaos, 950 meters away from the Metropolis Mall. The plot has an impressive area of 2,176 sqm and has a frontage of approximately 40 meters along both sides. Facing the central avenue, the plot benefits from the ever-increasing commercial and residential development of the area. It enjoys full coverage of all utilities, including water, electricity and telecommunications. It is located in two different urban zones, making it ideal for various investment opportunities. In the first zone: with an area of 1.153 sq.m., it belongs to the commercial zone Eβ2 with a building factor of 180% and a coverage factor of 50%, with up to 6 floors, with a maximum height of 24m. This offers the opportunity to create business premises or construct multi-storey buildings. In the second zone: with an area of 1.023 sq.m., it belongs to the residential zone Ka4, allowing a building factor of 120% and a coverage factor of 50%, with up to 3 floors and a maximum height of 13.5m. This area provides an excellent opportunity for the development of apartment buildings. Please feel free to contact us for more information to help you fully exploit this unique investment opportunity.