Prime Development Plot with Existing Residence – Only 800 Metres From the Sea

Prime Development Plot with Existing Residence – Only 800 Metres from the Sea

An exceptional investment opportunity in one of Larnaca's fastest-growing and most sought-after residential areas.

This property comprises a 292 sq.m. plot with an existing approximately 175 sq.m. detached residence, ideally situated in the prestigious Chrisopolitissa. The location offers excellent access to the city centre, schools, supermarkets, shops, and all essential amenities, while being just a short distance from the beach.

Property Features

Plot Size: 292 sq.m. Covered Area: Approximately 175 sq.m. Accommodation:3 bedrooms, 2 guest WCs, 1 family bathroom, spacious living room, separate sitting area, and kitchen. Planning Zone: Ka4 Building Density: 120% Building Coverage: 50% Maximum Floors: 3 Maximum Building Height:13.5 metres

Development Potential

The existing residence offers excellent renovation potential, making it suitable either as a permanent family home or as an investment property for long-term rental. Alternatively, the plot provides outstanding redevelopment opportunities, allowing for the construction of a modern residence or a boutique apartment building, subject to the applicable planning regulations.

Key Advantages

Level plot, slightly elevated above street level. Frontage on a registered asphalt road. Private parking area. Connected to all essential utility services, including electricity and water. Parks and children's playgrounds within walking distance. Quiet, well-established residential neighbourhood with strong long-term demand.

Prime Location

Sea: 800 m Finikoudes Beach:2.2 km Larnaca General Hospital:2.9 km Larnaca International Airport:7.2 km

The property is strategically positioned close to major existing and future developments, including the highly anticipated Land of Tomorrow regeneration project, significantly enhancing its long-term investment potential and future capital appreciation.

Whether you are an investor, developer, or private buyer seeking a property in a prime location with excellent redevelopment prospects, this is a rare opportunity to acquire a high-potential asset in one of Larnaca's most promising residential districts.