Residential Plot 2243 m²
PRIME DEVELOPMENT PLOT Central Larnaca
~2,243 sqm plot area | Advanced Planning Stage
LOCATION
Prime frontage on one of Larnacas strongest commercial and residential corridors.
- Central city positioning
- High visibility & traffic exposure
- Proven residential demand
- Strong retail viability
TWO INVESTMENT OPTIONS
Formula 1 Plot Acquisition
- € 4.5M asking price
- € 4.8M after permit issuance
- Immediate value upside
Formula 2 Structured Mixed-Use Development (with plans)
- Assessed project value: €5.2M
- Conservative construction cost: €2,000 / sqm
- Financial model available
- Flexible unit mix strategy
DEVELOPMENT PROJECT with plans
- 18-floor building
- Approx. 6,000 sqm total buildable area
- 39 residential units
- 5 retail units (ground floor)
- Option to increase 1-bedroom units (subject to permit modification)
Planning permit submitted
Preliminary views approval obtained
Advanced entitlement stage ideal timing for entry.
INVESTMENT HIGHLIGHTS
- Prime urban frontage
- Limited central land availability
- Strong market momentum
- Conservative underwriting
-Clear upside at entry
- High absorption potential
SERIOUS DEVELOPERS AND INVESTORS ONLY.
- Direct inquiries welcome.
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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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:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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