Project Brief – Investment Opportunity in Larnaca
Project Description
The project consists of two adjacent plots located in the Chrysopolitissa area of Larnaca, within the Former Refinery Urban Zone Plan.
Plot 550 m² (Residential Zone Ka4)
Plot 580 m² (Commercial Zone Eb1)
Together, they form a strategically positioned corner site with a total area of approximately 1,128 m², situated on a main road with high visibility and easy access.
Unique Value Proposition
Mixed-use development potential: The combination of residential and commercial zones allows for the creation of a modern mixed-use building that integrates retail or office spaces on lower floors and residential units on upper levels.
Prime location: Positioned near major arterial roads and within close proximity to the city center of Larnaca and the new marina development, enhancing its attractiveness for both residents and investors.
High development density:
Plot 580 sqm (Eb1 Zone): 200% building density, 50% coverage, 6 floors (24m).
Plot 550 sqm (Ka4 Zone): 120% building density, 50% coverage, 3 floors (13.5m).
This provides excellent potential for vertical and efficient development.
Development potential: Ideal for a 6-storey mixed-use building with ground-floor commercial units and upper-floor apartments or offices, catering to rising demand in central Larnaca.
Expected ROI: Strong due to increasing demand for urban mixed-use developments and the strategic location near major commercial axes.
Conclusion
This project offers a unique opportunity for investors and developers seeking to capitalize on Larnaca’s urban expansion and redevelopment momentum. With its dual zoning flexibility, prime corner positioning, and growing area value, the property stands out as an attractive investment with long-term growth potential.
