Residential building in Drosia, Larnaca (9560)

PRICE: 1.600.000 + VAT

An exceptional development opportunity in the sought-after Drosia area of Larnaca, ideal for residential investment or the construction of a boutique apartment building. Positioned just 6 km from Larnaca International Airport and close to essential amenities, schools, and local facilities, this property is an off plan building with 8 apartments

Key Property Highlights:

Development Specs: Licensed for 4 floors, allowing up to 8 two-bedroom apartments, with each floor designed for two units, including storage and amenities.

Building Details:
First to Third Floor: Total area of 177.3m² with covered verandas of 42m² each floor
Fourth Floor: Roof garden area of 168.9m² and covered verandas of 40.4m².
Zoning: Ka4 (Residential Zone)

Building Density: 120%

Coverage Ratio: 50%

Land Features:

Access: Via registered road
Shape: Regular with street frontage on one side; flat level, ensuring ease of construction
Surroundings: Peaceful and unobstructed, providing a tranquil environment
Ideal for Developers: This site offers substantial potential for creating a modern residential complex, complete with a roof garden. The current building license allows for prompt construction of the approved 4-story structure.