Larnaca, Maroni, Cyprus
- PROPERTY TYPE
Plot
- SIZE
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Key features
- Easy access to main roads
- Next to green area
- Investment opportunity
- Quiet area
- Sea view
- Walking distance to beach
Description
The property comprises an incomplete residential development designed to consist of 28 residential units, 2 retail shops, a swimming pool, a basketball court and perimeter fencing. The development is supported by two active Planning Permits, including a Planning Permit for the development valid until December 2029 and a Planning Permit for the subdivision of the land into individual plots valid until December 2028.
The Land has a total area of 8.470 sq.m. with frontage of 100m and falls within touristic planning zone T3ε allows for 40% building density, 20% coverage, up to 3 floors, and a maximum height of approximately 13,10 metres.
This property represents an exceptional investment opportunity, comprising an incomplete residential development with active planning permits, offering excellent potential for completion and future capital appreciation.
It should be noted that the property may alternatively be acquired by purchasing the issued share capital of the company that owns the property.
Larnaca, Maroni, Cyprus
NEAREST AIRPORTS
Distances are straight line measurements- Larnaka(International)17.7 miles
- Ercan(Local)29.1 miles
- Pafos(International)50.2 miles
Advice on buying Cypriot property
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Notes
This is a property advertisement provided and maintained by K. Kalogirou Real Estate Ltd, Larnaca (reference 56795) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.