Residential land 39000 m²
1. Strategic Location:
The plots are situated within the Local Plan for the Former Oil Refineries Area in Larnaca, a major transformation area expected to become a new urban, commercial, and tourist center in Larnaca.
2. High-Value Planning Zone: All plots are in the Central Multifunctional Core (ΚΠΠ) planning zone, which is characterized by mixed uses and allows for high building density (150%) and significant coverage (50%). This makes them suitable for large-scale, high-value developments (towers, commercial centers, hotels, luxury residential complexes) in accordance with the plan's provisions (Article 17.3).
3. Total Size: The total area of the combined plots is 39.000 square meters (over 39 donums). This large size makes them ideal for large-scale and strategic development projects.
4. Development Potential: Given the planning zone, developers can leverage the plan's regulations to create a major, integrated Mixed-Use Development that can redefine the area and yield high returns.
Overall, these plots represent an excellent investment and development opportunity due to their location within a key urban transformation area in Larnaca and the ability to capitalize on the high building density and heights permitted by the "Central Multifunctional Core" zone.
no VAT
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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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:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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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:HOMESURVinfo@homessurv.com+357 22 377 004
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