PERMITTED LARNACA DEVELOPMENT OPPORTUNITY | €650,000
309 m² Plot | Planning & Building Permits Secured | Additional Floor Approved
A development opportunity in a prime central/coastal location in Larnaca, with much of the preparation already completed.
The property is held within a company, and the opportunity is offered through the acquisition of that property-owning company for €650,000.
The project is already well advanced. Architectural plans have been developed and planning and building permits have been secured for a boutique residential development of four luxury residences.
The current design provides approximately 469.80 m² of total apartment area, including covered verandas, together with a private roof garden for the top-floor residence, parking, storage and photovoltaic provision.
MORE DEVELOPMENT POTENTIAL
In addition to the existing four-residence concept, an additional floor has been approved.
This gives the purchaser the opportunity to explore further development beyond the current design, subject to the specifications and conditions of that approval.
KEY DETAILS
• €650,000 asking price
• 309 m² plot
• Property-owning company available for acquisition
• Planning & building permits secured
• Architectural plans already developed
• Existing four-residence luxury concept
• Approx. 469.80 m² total apartment area
• Additional floor approved
• Parking and storage provision
• Photovoltaic provision
CENTRAL / COASTAL LARNACA LOCATION
• Approx. 580 m from Saint Lazaros Church
• Approx. 700 m from Downtown Larnaca
• Approx. 850 m from Finikoudes / Palm Tree Beach
• Approx. 1.2 km from Larnaca Marina / Old Harbour
WHY THIS OPPORTUNITY?
Rather than starting with an undeveloped plot and going through the full planning process, a significant part of the groundwork has already been completed.
Acquire the opportunity. Take over an advanced project. Decide how you want to develop it further.
Full architectural plans, permits, documentation relating to the additional-floor approval and relevant corporate documentation are available to qualified purchasers for due diligence.
The transaction concerns the acquisition of the property-owning company. Purchasers should obtain independent legal, tax and technical advice before proceeding.
