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88,000 SQM Tourist Land
Mazotos, Larnaca

€20,000,000  ($22,815,866)

LifeRealty

LifeRealty

Reg. No: 1234 / Licensed No: 603/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $798,555

Average Bank Rate (€20,000,000)
1 USD = 0.8469 EUR
$23,614,421

Mid-market rate (€20,000,000)
1 USD = 0.8766 EUR
$22,815,866

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Planning Zone

Tourist (Τ2Α)

Description: Tourist Area (Τουριστικη Ζωνη)

Coverage: 0.2

Density: 0.45

Height: 13.1 meters

Allowed stories: 3

Development description: Policy Statement (Excluding Zone 3) (Δηλωση Πολιτικης (Χωρ. Περιοχη 3))


Nearby planning zones

Residential: 1.78 Km

Commercial: 9.95 Km

Industrial: 2.91 Km

Agricultural: 2.73 Km

Farm: 3.8 Km

Key features

  • Listing ID: 8225248 (2895)
  • Plot: 88000 sqm

Description

Presenting a prime beachfront property in the Mazotos area of Larnaca, an exceptional opportunity for investors or developers seeking a prestigious seaside location.

Situated just a 25-minute drive from Larnaca city centre, this property spans 88.000 m² and is located within the T2ε tourist zone. It allows a building factor of 45% and a coverage ratio of 20%, enabling the development of a three-floor building up to 13 meters high, ideal for a luxury resort, hotel, or tourist complex. The field is subject to a planning permit for land division into 6 plots, including roads, paths, public green, public equipment, and public parking. It has a capacity for more than 31,000 m2 of buildable indoor area. The field includes architectural plans for 84 luxury villas, 22 studios, and a 3-floor clubhouse comprising a restaurant on the ground floor, a basement with a spa and health centre, second-floor restaurants, a VIP private room, and a rooftop bar with a swimming pool and an unobstructed sea view.

Strategically positioned on the first line of the beach, the land offers stunning sea views and direct access to the Mediterranean, creating an unparalleled setting for any development.

The land presents a rare beachfront property with excellent potential for high-value development.

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Buying expenses

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.

Transfer fees
If buying as an individual
€796,600 ($908,756)
If buying on joint names
€793,200 ($904,877)

Disclaimer - Property reference 8225248. 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.

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