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10,957 SQM Land
Ormideia, Larnaca

€1,300,000  ($1,500,377)

Palourtis Estate Agents

Palourtis Estate Agents

Real Estate reg. no. 961 / license no. 279/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $52,513

Average Bank Rate (€1,300,000)
1 USD = 0.8371 EUR
$1,552,890

Mid-market rate (€1,300,000)
1 USD = 0.8664 EUR
$1,500,377

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.

Key features

  • Listing ID: 7905901 (1890740)
  • Plot: 10957 sqm

Description

A single parcel of land with a total area of 10,957 m², located in the Ormideia village. This plot benefits from its proximity to the coast and the tourist development corridor, while also incorporating areas of environmental protection.

The land is governed by the SBA Dhekelia Area Policy Statement, and offers a blend of development potential and conservation restrictions, making it ideal for long-term investment, eco-tourism concepts, or low-density tourism development .



📍 Location: Ormideia –
🗺 Total Area: 10,957 m²
Planning Zones (Mixed Use):
T3ε (Tourist Zone): Approx. 82%
Z3 (Protection Zone): Approx. 18%



🔹 T3ε – Tourist Zone Characteristics:
Building Density: 40%
Coverage: 20%
Max Floors: 3
Max Height: 13.1 m
Suitable for: Hotels, tourist villages, holiday homes, and related leisure infrastructure (subject to permits).
🔸 Z3 – Protection Zone Characteristics:
Building Density: 1%
Coverage: 1%
Max Floors: 1
Max Height: 5 m
Designated for: protected natural areas, archaeological sites, forests, and landscapes. Construction is severely limited.



⚠ Important Notes:

The property falls within the jurisdiction of the British Sovereign Base Area (SBA), and is subject to separate planning and development regulations.

Part of the land is within a Protection Zone (Z3) and cannot be developed conventionally.

The major portion (T3ε) allows for tourism-related development, with potential for structured proposals (hotels, resorts, etc.).



📞 Excellent opportunity for investors looking to develop within the tourism sector while holding part of the land as a long-term ecological asset or buffer zone. Contact us for guidance on SBA regulations and permitted uses.

For privacy reasons, the advertiser has not indicated the exact address.
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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
€48,600 ($56,091)
If buying on joint names
€45,200 ($52,167)

Disclaimer - Property reference 7905901. 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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