Residential Development Plot near Larnaca Marina & Finikoudes
A prime residential development plot of 515 sqm, ideally located close to the new Larnaca Marina and Finikoudes, offering an excellent opportunity for residential development in one of Larnaca’s high-demand areas.
The property falls within Ka4 residential planning zone, with 120% building density and 50% coverage, allowing development of up to three floors, subject to the relevant planning and building permits.
Development Potential
A development concept has been identified for the construction of a modern residential project comprising:
1st & 2nd Floors
2 × Two-bedroom apartments per floor
Total: 4 × Two-bedroom apartments
3rd Floor
1 × Two-bedroom apartment with private roof garden
1 × Three-bedroom apartment with private roof garden
This provides a potential development of 6 residential units, including two premium top-floor apartments with private roof gardens.
The proposed layout offers an attractive combination of smaller and larger apartments, making the project suitable for both the owner-occupier and rental investment markets.
Key Features
Plot size: 515 sqm
Residential planning zone: Ka4
Building density: 120%
Coverage: 50%
Up to 3 floors
Rectangular residential plot
Excellent development potential
Close to Larnaca Marina
Close to Finikoudes
Strong demand for residential properties in the area
Ideal for development and investment
Development can potentially commence approximately 60 days after submission of the planning permit, subject to the relevant approvals and procedures.
Investment Opportunity
With its strategic location near the new Larnaca Marina, Finikoudes and the city centre, combined with generous development parameters, this plot presents an attractive opportunity for developers looking to create a modern residential project in a well-established and highly sought-after part of Larnaca.
An excellent opportunity to develop a boutique residential project in close proximity to the sea, marina and city centre.
