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Pay in USD and save up to $168,445Description: 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))
Residential: 0.14 Km
Commercial: 2.17 Km
Industrial: 1.66 Km
Agricultural: 0.48 Km
Farm: 5.31 Km
This development land is situated within the Touristic development zone at a very close distance to the beach and just 10 mins from Larnaca international airport. Around 3% of the land is within another development zone but it doesn't affect its potential. The touristic development zone provides three possible scenarios for development with varying development factors for each, including Hotel, Hotel Apartments and Residences.
The property comes with optional development plans for a residential complex compromising of 57 two and three bedroom residences with swimming pools, totaling 9300 m2. The investor may choose to follow the existing plans or go with a hotel or tourist development. The plans are not included in the price.
The development factors for each type are as follows.
Development Factors for Hotels:
45% Building | 20% Cover | Floors: 3 | Height: 13.10m
Development Factors for Hotel Apts:
40% Building | 20% Cover | Floors: 2 | Height: 8.3m
Development Factors for Residences:
20% Building | 20% Cover | Floors: 2 | Height: 8.3m
Pervolia is a quite touristic town on the beachfront, at the suburbs of Larnaca City. The area provides a relaxed environment at a short distance from the centre of the city as well as a 10 minute drive to Larnaca International Airport.
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