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.