Expansive Residential Field in Perivolia, Larnaca

Discover a rare opportunity in Perivolia, Larnaca, with this expansive plot of land. Boasting a substantial 28,101 square meters, this offering presents considerable potential for various development projects within a desirable coastal region. The property benefits from advantageous zoning classifications, including H2(98%) with 90% density and 50% coverage and H1(2%) with 120% density and 70% coverage, providing flexibility for future construction. Its generous size allows for ample design possibilities, accommodating diverse visions in a sought-after area of Cyprus. Situated in Perivolia, the land offers a strategic location, combining proximity to Larnaca's amenities with a tranquil setting. This presents an ideal canvas for investors or developers seeking to capitalize on Cyprus's thriving real estate market. Prevolia Planning permit on process With the possibility of purchasing the company for 3,500,000 EUR. In this case, VAT won’t t apply. DEVELOPMENT POTENTIAL The field forms part of a planned residential development in Pervolia, Larnaca, with the following planning and development characteristics: Permitted Floors: 2-3 Total Parcel Area:28,101 sq.m. Net Parcels Area: 21,979 sq.m. Roads, Green Areas & Social Equipment:6,122 sq.m. Buildable Area according to planning zone:19,912 sq.m. Additional area for covered verandas (+25%): 4,978 sq.m. PROPOSED DEVELOPMENT The masterplan provides for a mixed residential development comprising: 6 Houses – Type A:103.15 sq.m. 6 Houses – Type B: 115.65 sq.m. Apartments distributed across Blocks A–B, C–D, E–G and H–I Multipurpose space (Yoga/Gym) Clubhouse & Lobby Extensive common areas and landscaped spaces PROPOSED APARTMENT DEVELOPMENT The apartment blocks provide a total density of approximately 18,365.03 sq.m., with approximately 1,174 sq.m. of common areas, including corridors, staircases and lifts. The proposed apartment blocks include: Blocks A & B: 3,994.02 sq.m. density Blocks C & D: 3,056.59 sq.m. density Blocks E, F & G: 5,991.03 sq.m. density Blocks H & I: 3,056.59 sq.m. density The proposed development also includes approximately 4,695.65 sq.m. of total covered verandas. The masterplan incorporates residential units, communal facilities, landscaped areas, internal roads and shared amenities, offering a comprehensive residential development opportunity. The above figures are based on the indicative development/masterplan prepared by the architects and are subject to the applicable planning regulations, approvals and final architectural design. The plans for 266 units are submitted for approval