Larnaca, Droshia, Cyprus

An excellent opportunity to acquire a commercial building in a highly prominent location at the Fire Station crossroads, offering excellent visibility, accessibility and exposure.

The property is suitable both as an income-producing investment in its current form and as a redevelopment opportunity. It could be converted into professional offices, a medical centre, educational facilities or private tutoring/learning centres, subject to the necessary permits. Alternatively, the existing units can be retained and rented, providing a good source of rental income.

Existing Property

The building currently consists of:

Two large ground-floor shops with a total area of approximately 139 m²
Two-floor apartment of approximately 95 m²
Plot size: 490 m²
Significant Development Potential

One of the property's main advantages is the generous planning parameters applicable to the area:

Building Density: 180%
Coverage: 50%
Maximum Floors: 6
Maximum Height: 24 metres

Based on the above building density and plot size, the property offers the potential for approximately 590 m² of additional development, subject to architectural design and obtaining all necessary planning and building permits from the relevant authorities.

Its prominent position, strong road exposure and substantial unused development potential make this an attractive opportunity for investors, developers, medical professionals, educational organisations or businesses looking for their own premises.

The property can therefore be considered either as an existing income-generating investment or as an opportunity to maximise the site's development potential in the future.