Prime Development Opportunity: Five Adjacent Plots near New Mall Area in Larnaca (6630)
Asking price for the entire package is €1,850,000 plus VAT, presenting a competitive opportunity for developers and investors alike.
Unlock the potential of these strategically located plots near the bustling New Mall area in Larnaca. Comprising a mix of commercial and residential zones, these five adjacent plots offer a unique opportunity for developers to create a dynamic mixed-use development in a highly sought-after location.
Key Features:
Location: Situated in close proximity to the New Mall area, these plots offer excellent visibility and accessibility.
Mixed-Use Potential: With three front plots designated for commercial use and two rear plots for residential purposes, developers have the flexibility to create a vibrant mixed-use development.
Development Specifications: Each plot comes with its own set of development specifications, including building density, coverage, floors, and height allowances, providing a clear framework for development.
Commercial Advantage: The front three plots enjoy a corner position and direct access to registered roads, offering prime commercial exposure and foot traffic.
Residential Comfort: The rear plots provide a tranquil residential setting, ideal for creating modern living spaces with ample parking facilities.
Smart Design Potential: Developers can maximize space utilization by concentrating built area on the front plots while dedicating rear areas for parking and green spaces, enhancing the overall appeal of the development.
Quiet Neighborhood: Despite its proximity to commercial areas, the plots are situated in a quiet neighborhood with no hindrances or disturbances, ensuring a peaceful living and working environment.
Investment Opportunity: With the potential for high rental yields and property appreciation, this development is an attractive investment opportunity in Larnaca's thriving real estate market.
Sold as a Package: These five plots are available for sale as a package, offering a comprehensive solution for ambitious development projects.
Plot Details:
Plot 1: Commercial/residential plot with a total area of 537m², designated for three floors of development with a height allowance of 13.5 meters.
Plot 2: Similar to Plot 1, this commercial/residential plot spans 540m² and offers the same development specifications.
Plots 3, 4, and 5: Each measuring approximately 522m² to 525m², these residential plots come with varying development specifications suitable for up to four floors of construction.
Density 120%/140% and coverage 50%
Total buildable area 3.427 sq.m.
Seize this rare opportunity to shape the future of Larnaca's urban landscape with this prime development proposition. Contact us today to learn more and explore the possibilities!
