Residential Plot 1335 m²
📍 Location: Larnaca, Chrysopolitissa Area, Cyprus New Marina
📐 Total Land Area: 1,335 m²
🏗 Zoning: Κα3 (Residential / Offices – 100%) Planning & Development Potential
• Building Density: 140%
• Coverage Ratio: 50%
• Floors Allowed: Up to 6 floors
• Height Limit: 24 meters
Buildable Area Calculation
• 1,335 m² × 140% = 1,869 m² total buildable area
This allows for:
• A residential apartment building
• A mixed-use development (shops + apartments)
• Office building or co-living concept
Highest & Best Use
Recommended Options:
1. Residential Development
• 12–18 apartments (depending on unit size)
• Strong demand in Larnaca city center
2. Mixed-Use Project
• Ground floor retail
• Upper-floor apartments or offices
3. Boutique Investment Project
• Short-term rental units (Airbnb-style)
• High ROI potential due to location.
Market Position & Location Advantages
• Central Larnaca location
• Close to main road infrastructure
• Easy access to:
• Finikoudes area
• Larnaca Marina (future development boost)
• Airport
• Surrounded by residential and commercial activity
👉 This location supports strong rental demand and capital appreciation.
Valuation Analysis
Asking Price:
💰 €2,600,000
Price Metrics:
• Price per m² (land):
€2,600,000 ÷ 1,335 m² = €1,947/m²
• Price per buildable m²:
€2,600,000 ÷ 1,869 m² = €1,391/m²
👉 This is within premium range, justified by:
• Corner/combined plot advantage
• Development flexibility
• Strategic location
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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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