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Beauties of occupied Cyprus

Building plot for sale - Investment Opportunity (LAC6112)

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Town Center, Larnaka, Cyprus

Price(Buy): €1,300,000   

Property Description

A building plot is for sale in the Center of Larnaca on Kodrikton Street and only 20 meters away from the charming Square of Ermou Street.  The charming Square is full of life with modern cafe's, restaurants, bars and shops making this a popular spot with visitors and Cypriots alike.

It is located less than 400 meters away from the Palm Tree Promenade (Phinikoudes) which is reminiscent of a continental promenade, with its line of mature palm trees and its languid air of sleepy charm. 

 

The building plot has planning permit for a 6 floor building.  Although the coverage is 70% and the building density 240%, the municipality will allow a considerable increase in the percentage built density and height, because of government town plan incentives to stimulate development into City Centers. 

 

The Plot is offered for Sale at 1.300.000 Euros including the Architectural  Plans.

 

The Development is Governed by the Planning Zone of  ΠΑ4, allowing up to 70% Covered Ground Area and 240% of total Built Area, in additions to 20% per Floor of extra covered verandas and an allowance for Electromechanical Services area. It is primarily a Residential development but it is also suitable for the Development of a Commercial or Tourist Property and in particular a Boutique Hotel.

 

The development was designed by Mobius Design Ltd with Planning Permit for a Six Floor High rise Building to include Ten Luxury Apartment Residences of total Covered Living Areas of 1137 sq.m. and additional Electromechanical Services Covered Area of 352sq.m. The existing planning permit is as indicated in the table below.

 
Apartment
B/rooms
Enclosed
Covered
Common
Total
Electromechanical
 
No.
Area
Verandas
Area
Covered Areas
Floor-Area
 
 
 
 
 
 
 
Apt. 101
One
49,76
11,29
9,67
70,72
 
Apt. 102
One
51,57
12,85
10,03
74,45
 
Apt. 103
Two
71,26
13,39
13,85
98,50
 
Apt. 201
Two
78,83
19,04
15,33
113,20
 
Apt. 202
Two
78,01
15,10
15,17
108,28
 
Apt. 301
Two
80,63
20,60
15,68
116,91
 
Apt. 302
Two
79,13
15,10
15,38
109,61
 
Apt. 401
Three
103,34
23,74
20,09
147,17
 
4th Floor
 
 
 
 
 
94,23
Apt. 502
Three
105,74
25,20
20,56
151,50
 
5th Floor
 
 
 
 
 
127,10
Apt. 601
Three
103,34
23,74
20,09
147,17
 
6th Floor
 
 
 
 
 
130,90
 
 
801,61
180,05
155,85
1137,51
352,23

 

Larnaca is the International gateway to Cyprus, being its second port and having an International Airport. It is one of the oldest continuously inhabited cities in the world, and has plenty of historical sightseeing on offer to complement its deep-blue sea, bright sandy beaches and reliably sunny skies.  With its 400-berth marina, Larnaca is also a favorite destination for visitors with yachts.  Land-based tourists enjoy the palm-lined harbor promenade and the city’s international caliber shops, inviting cafes and panoramic Mediterranean views.

 

Larnaca is an attractive and quiet city which is the same all year round unlike many other areas of Cyprus, which tend to be very busy during the summer months and extremely quiet during the winter.  It is one of the oldest continuously inhabited cities in the world and has plenty of historical sightseeing on offer to complement its deep-blue sea, bright sandy beaches and reliably sunny skies.  Its famous Palm Tree Promenade and marina ensure a picturesque coastline and Larnaka boasts many of the most appealing beaches in Cyprus.  Its central location means that other cities and popular areas of Cyprus are within easy reach – Nicosia, the country’s capital, is less than 60km away, and Limassol and Paphos are approx 65km and 120km distance

Main Features

Plot size: 399 sq.m
Title Deeds:

Other Features and Characteristics

City Center:
Coastal:

Amenities

Super-Market: 300 m
Beach: 400 m
Private Schools: 500 m
Public Schools: 200 m
Airport: 6 km
Hospital: 3 km
Restaurants: 30 m
Banks/ATM: 50 m
Pharmacy: 30 m

Location Map