Commercial plot with buildings, larnaca center
Commercial plot of 490 m² featuring a building with two shops and a residence, each with separate title deed. The units offer a total internal area of 295 m² plus underground parking for seven cars. The property is strategically situated at one of the busiest intersections in the heart of Larnaca, ensuring excellent visibility and accessibility.
This 490 m² plot lies within the commercial zone Εβ2, allowing a 180% building density, 50% coverage, and 6 floors / 24 m height. It offers up to 882 m² of total buildable area, with 295 m² currently built, leaving approximately 587 m² for further development. Alternatively, the existing building maybe demolished to make room for a completely new development.
Furthermore, the property maybe rented out as separate units until further development. The building is divided into two shops facing the main road as well as a residence and an underground parking, each with a separate title deed and significant rental potential. The two shops consist of 73 m² plus 27 m² mezzanine and 66 m² plus 34 m² mezzanine. The residence consists of 95 m² with 44 m² on the ground floor and 51 m² on the first floor.
Location wise, the property enjoys exceptional commercial potential thanks to its prominent frontage on one of the busiest cross roads at the center of Larnaca. At the same time, the area seamlessly combines residential characteristics and enjoys excellent connectivity to the city center, with easy access to public transport, major roads, and key amenities. With supermarkets, schools, cafés, and banks all within walking distance, the location offers outstanding convenience for both businesses, clients and residents.
Connect with Monday Square today and find a better investment for your portfolio!
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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