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Pay in USD and save up to $137,455Nestled in the charming and historic neighborhood of Skala, Larnaca, this unique property offers a rare chance to develop in one of the city’s most sought-after and culturally rich locations — just a 1-minute walk from the beautiful Mediterranean coastline.
📍 Property Overview:
Total Area: 673m² (combination of 3 adjacent plots)
Planning Zone: Pa6 (Core and Continuous Development Area)
Building Density: 180%
Coverage: 70%
Floors Allowed: Up to 3
Maximum Building Height: 10 meters
VAT: Exempt
🏛 Unique Feature:
On the site sits a listed (preserved) building, full of architectural charm and historical character — ready to be restored and transformed. This opens the door to a wide range of development possibilities that blend heritage with modern luxury.
Development Potential:
Whether you’re looking to create:
A Boutique Hotel rich in character
Luxury Residential Apartments with sea access
A vibrant mix of Retail Shops and Commercial Spaces
💰 Government Funding Available
Investors who refurbish preserved buildings in Cyprus may be eligible for government grants and financial incentives, significantly reducing renovation costs. This is an incredible opportunity to restore a piece of history — with financial support.
🌆 Why Skala?
Skala is a vibrant and authentic part of Larnaca, known for its traditional architecture, artistic spirit, and growing popularity among tourists and locals alike. Its proximity to the city center, Larnaca Marina, and the seafront promenade makes it a prime location for high-return investment.
📞 Don’t Miss This Opportunity
Own a piece of Larnaca’s past — and shape its future.
Contact us today for more information, plans, and viewing arrangements.
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.
Disclaimer - Property reference 7906533. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.
