Residential plot for sale in Larnaca

€1,600,000plus VAT

Larnaca (City), Larnaca

Property description

Building for Sale with Approved License for Construction of 4 Floors 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 offers a building with an approved permit for a 4-story structure with a 13-meter height limit, plus a licensed roof garden.

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:

Third Floor: Total area of 177.3m with covered verandas of 42m.
Fourth Floor: Roof garden area of 168.9m and covered verandas of 40.4m.
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.

Plot area

549 m²

Title deed

Full

Planning characteristics

Zone	Cover factor	Build factor	Max floors	Max height	Affected percentage
Ka4	50%	120%	3	-	-

Amenities 240 m
Sea 3 km
Resort 13 km
Schools 800 m
Public transport 350 m
Airport 7 km

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