A rare development opportunity in a central location of Larnaca, situated on a small plot of approximately 106 sq.m.

The property currently comprises an older existing house; however, its main value lies in the excellent development potential of the plot and its location within the city.

The property benefits from a 210% building density coefficient, 70% site coverage and an allowed building height of up to 10 metres, permitting development of up to 3 floors, subject to the relevant planning regulations and approvals.

Development Details

• Plot size: 106 sq.m.
• Building density: 210%
• Site coverage: 70%
• Maximum building height: 10 metres
• Up to 3 floors
• Existing older house on the property
• Central Larnaca location

Development Potential

Based on the 210% building density, the plot theoretically allows for approximately 222.6 sq.m. of gross buildable area, subject to planning requirements, setbacks, common areas, parking requirements and the final architectural design.

The property could therefore be considered for a small residential development, such as a compact multi-level building with apartments, subject to obtaining the necessary planning and building permits.

Investment Opportunity

This property is particularly suitable for developers and investors looking for a centrally located plot with strong development potential.

Its combination of a central Larnaca location, 210% building density and permission for up to three floors makes it an interesting opportunity for redevelopment rather than simply an existing-home purchase.

An ideal opportunity for investors seeking to maximise the development potential of a strategically located property in Larnaca.