LARNACA DEVELOPMENT OPPORTUNITY | LAND IN EXCHANGE FOR 2 APARTMENTS
309 m² Plot | Permits Secured | Additional Floor Approved
An alternative way to acquire a permitted development opportunity in central/coastal Larnaca — without paying the full land value upfront in cash.
The proposed structure is straightforward:
Build the development and deliver two agreed finished apartments to the landowner as consideration for the land.
The exact apartments, specifications, completion standards, timing and other commercial terms will be agreed in the final contract.
THE PROJECT IS ALREADY WELL ADVANCED
This is not simply an undeveloped plot.
Much of the work normally required before construction can begin has already been completed:
• 309 m² development plot
• 120% building density
• 50% site coverage
• Maximum building height: 18 m
• Planning & building permits secured
• Architectural plans already developed
• Existing concept for four luxury 2-bedroom residences
• Approx. 469.80 m² total apartment area
• Additional floor approved
The existing design includes four luxury residences, covered verandas and a private roof garden for the top-floor residence.
WHY THIS STRUCTURE MAY BE ATTRACTIVE TO A DEVELOPER
Instead of using substantial capital to purchase the land before construction begins, the developer can direct more capital towards actually building the project.
In simple terms:
No conventional upfront land purchase.
Build the project.
Deliver two agreed apartments.
Retain the remaining development value.
For the right developer, this can create a more capital-efficient route into an already advanced project.
PRIME 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
READY FOR THE NEXT STEP
The combination of an established design, secured permits, an approved additional floor and an alternative land-acquisition structure makes this an unusual development opportunity in Larnaca.
Full architectural plans, permit documentation and details of the proposed exchange structure are available to qualified developers upon request.
Indicative land value: €650,000. Proposed consideration: two completed apartments, subject to final written agreement.
Planning parameters and all commercial terms should be independently verified as part of the purchaser’s due diligence.
Marc & Elina Van Den Heuvel – Luxury Real Estate
