Larnaca, Cyprus

COMMERCIAL AND RESIDENTIAL LAND FOR SALE IN DROMOLAXIA/MENEOU-LARNACA

REDUCED FROM 2.600.000 TO 2.400.000

Presenting an exceptional property 36,999 square meters, this consists of two adjacent fields located in the prime area of Dromolaxia-Meneou. Situated just 1.2 kilometers from the bustling Larnaca International Airport and only 70 meters from the prominent Makariou avenue, this property boasts a strategic location with excellent accessibility and visibility.

The total area of the two fields combined is an impressive 36,999 square meters, and they boast an extensive road frontage of 440 meters. Notably, the fields fall within the airport special facilities zone, which shares similar characteristics with a commercial zone, making it an ideal prospect for a wide range of developments.

The expansive commercial land spans over an impressive 31,951 square meters, offering a wealth of development opportunities. With a building density of 90% and a covering factor of 50%, this property allows for significant construction potential to cater to various commercial needs.

The zoning permits the construction of buildings with a maximum of two floors, reaching a height of up to 8.3 meters. This flexibility offers the chance to create multi-story structures, providing ample space for different businesses and services.

This residential land boasts a size of 5,048 square meters and is situated in the Εβ/Πα9α zoning area. With a building density of 120% and a covering factor of 70%, this property offers excellent development potential for residential purposes.

The zoning permits the construction of buildings with a maximum of two floors, reaching a height of up to 8.3 meters. This creates an opportunity to design spacious and comfortable residential structures that cater to the needs of future residents.

The property can be used for the development of:

1. Residences or Apartments: Unlock the potential to create modern and stylish residential complexes or apartment buildings to meet the growing demand for housing in the area.

2. Boutique Hotels: Take advantage of the thriving tourism industry and design boutique hotels that cater to the discerning traveler.

3. Shops with a Gross Area Greater Than 250sqm: Ideal for establishing large retail outlets, creating a dynamic shopping destination.

4. Supermarkets and Multi-Purpose Commercial Developments: The property provides ample space to construct supermarkets and other multi-purpose commercial developments, catering to the needs of the local community and visitors alike.

5. Offices: The property presents an excellent opportunity to build modern office spaces that cater to businesses seeking a strategic location in close proximity to the airport.

6. Specialized Use Businesses (Car Rental/Car Parks): Capitalize on the proximity to the airport by developing specialized businesses such as car rental services or car parks to meet the travel needs of passengers.

7. Sports Venues: Explore the possibility of constructing sports venues that can cater to various recreational activities.

8. Entertainment Halls: Create entertainment halls that host events, concerts, and performances, adding to the vibrant atmosphere of the area.

This property's strategic location, extensive area, and favorable zoning open up endless possibilities for savvy investors and developers seeking to make a mark in the thriving Dromolaxia-Meneou area. Whether you envision residential developments, commercial ventures, or specialized use businesses, this property provides a blank canvas for transforming your vision into reality. Don't miss this unique opportunity to create a significant and impactful development in a prime location with a wide range of potential uses.

Land Characteristics 1: 

• Size: 31,951m²
• Zone: ΕΔΑ1/Commercial
• Building density: 90%
• Covering factor: 50%
• Max Floors: 2
• Max Height: 8.3m

Land Characteristics 2:

• Size: 5048m²
• Zone: Εβ/Πα9α/Residential
• Building Density: 120%
• Covering Factor: 70%
• Max Floors: 2 
• Max Height: 8.3m

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

Dromolaxia is a village near Larnaca Airport it has been a settlement since the Middle Bronze Age. Dromolaxia Vizatzia was "a Late Cypriote city". Archaeological excavations in 1972, a few hundred meters West of Hala Sultan Tekke pointed to a settlement dating from Middle Cypriote III to Late Cypriote I but also from Late Cypriote IIC to IIIA and later.

Buy Cyprus LTD a leading and esteemed fully accredited Estate Agent, proudly holding registration number 1014 with the Cyprus Real Estate Agents Association and license number 477/E. With nearly three decades of unwavering commitment in the Cyprus and UK real estate markets, Buy Cyprus stands as the epitome of trustworthiness, offering top-tier expert services.

Paphosproperties has seamlessly integrated with Buy Cyprus LTD, becoming an integral part of our number one leading agency. Together, we share in this legacy of excellence, with our unwavering focus on exceeding customer expectations. We ensure that both buyers and sellers receive unparalleled care and dedication, drawing upon our profound understanding of the Cyprus Real Estate Market to provide objective and impartial advice to our esteemed clientele. With utmost transparency, we deliver honest and precise property information, empowering you to make well-informed decisions with absolute confidence.