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Pay in USD and save up to $12,336An excellent opportunity to acquire a property that combines immediate residential use with strong development and investment potential, located in the sought-after Sotiros area of Larnaca.
The property sits on a 335 sq.m. plot within Ka3 planning zone, offering a building density of 140%, coverage of 50%, allowance for up to 4 floors and a maximum height of 17 metres.
Currently, the plot hosts a single-storey house built in 1980, with approximately 72 sq.m. of covered internal area. The house can be renovated and used as a private residence, rental property, or alternatively demolished to fully utilise the plot’s development potential.
Located in a well-established residential neighbourhood, close to schools, shops, services, and with easy access to the city centre and main road connections, this property offers flexibility, value, and long-term upside.
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.
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