Prime Development Plot in Faneromeni, Larnaca with Existing Structure & Development Permits

Prime Development Plot in Faneromeni, Larnaca – With Existing Structure & Development Permits for 12 2-bedroom apartments

Asking Price: €900,000

Excellent investment opportunity in the highly desirable Faneromeni area of Larnaca. The property consists of a prime residential plot with an existing detached house and development potential for a residential apartment project.

The property comes with permits for the construction of approximately 12 2-bedroom apartments, making it an ideal opportunity for developers and investors seeking a ready-to-develop project in a premium location.

An existing two-storey residence is already built on the property, offering additional value and flexibility.

Property Details:

• —Plot Area: 939 m²
• —Category: Residential Plot
• —Planning Zone: Ka4 (100%)
• —Building Density: 120%
• —Coverage Ratio: 50%
• —Maximum Floors: 3
• —Maximum Height: 13.5m
• —Registered Road Access
• —Regular Shape
• —Same road level
• —Quiet residential area

Existing Structure:

• —Existing detached two-storey house
• —Year Built: 1990
• —Internal Covered Area: 380 m²
• —Covered Verandas: 165 m²
• —Uncovered Verandas: 52 m²
• —Auxiliary Areas: 47 m²
• —4 Bedrooms
• —Basement Parking
• —Good condition

Development Potential:

• —Permits available for approximately 12 studio apartments
• —Ideal for residential development or investment project
• —Excellent central location in Faneromeni
• —Close to schools, amenities, shops, and Larnaca center
• —Easy access to main roads and airport

Highlights:

• —Prime investment opportunity
• —Existing structure adds immediate value
• —High building density
• —Suitable for apartment development
• —One of the most sought-after residential areas in Larnaca

For more information or to arrange a viewing, contact us.