Residential Plot 400 m²
ABOVE ALL PROPERTIES GROUP
PROPERTY DEVELOPMENT REPORT
Prime Development Opportunity with Existing Residence
Agios Nikolaos, Larnaca
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Executive Summary
A rare redevelopment opportunity in the well-established district of Agios Nikolaos, Larnaca. The property comprises a 400 m² plot with an existing three-bedroom residence, offering immediate usability while presenting exceptional long-term development potential.
Situated within the Εβ5 Commercial Zone, the property benefits from high building density, excellent accessibility, and a strategic location close to Larnaca City Centre, making it suitable for residential, commercial, or mixed-use redevelopment.
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Property Information
Property Type: Residential Property with Development Potential
Location: Agios Nikolaos, Larnaca
Land Area: 400 m²
Existing Residence: 3 Bedrooms
Internal Area: 165 m²
Covered Verandas: 31 m²
Basement: 140 m²
Condition: Good
Planning Zone: Εβ5 (100%)
Building Density: 120%
Coverage Ratio: 50%
Maximum Floors: 3
Maximum Height: 13.50 m
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Development Potential
The combination of a commercial planning zone and generous development parameters creates multiple redevelopment opportunities. Investors may choose to retain the existing property for income generation or proceed with a new development to maximize the site's value.
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Highest & Best Use
Boutique Apartment Building
Mixed-Use Commercial & Residential Development
Office Building with Residential Units
Premium Urban Residential Project
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Location Advantages
Prime location in Agios Nikolaos, Larnaca
Minutes from Larnaca City Centre
Easy access to the main road network
Close to schools, supermarkets, restaurants, cafés, and public services
Short drive to Finikoudes Beach
Approximately 10 minutes from Larnaca International Airport
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Developer's Perspective
The property's Εβ5 zoning, central location, and existing building provide flexibility for both investors and developers. It represents an excellent opportunity for redevelopment in an area where demand for modern residential and commercial space continues to grow.
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Professional Opinion
This property should be positioned as a redevelopment opportunity with immediate value, rather than simply an existing house. Its planning potential, central location, and versatile zoning make it an attractive acquisition for developers seeking long-term capital growth and strong market demand.
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Above All Properties Group
Property Development • Architectural Analysis • Investment Intelligence
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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