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Sea View Tourist Land with Incomplete Residential Project in Maroni, Larnaca

USD 1,041,068

Land (For sale)

91,170 sqft
Reference: WJTH-T8150 / 56795
Located in Larnaca.
Sea View Tourist Land with Incomplete Residential Project in Maroni, Larnaca. It is located 2.1 km from the community center and 180m from the coastline. It is adjacent to the coastal road that connects Maroni with Zygi and Psematismenos. The wider area consists mainly of greenhouses, residential and touristic developments. The property comprises an incomplete residential development designed to consist of 28 residential units, 2 retail shops, a swimming pool, a basketball court and perimeter fencing. The development is supported by two active Planning Permits, including a Planning Permit for the development valid until December 2029 and a Planning Permit for the subdivision of the land into individual plots valid until December 2028. The Land has a total area of 8.470 sq.m. with frontage of 100m and falls within touristic planning zone T3ε allows for 40% building density, 20% coverage, up to 3 floors, and a maximum height of approximately 13,10 metres. This property represents an exceptional investment opportunity, comprising an incomplete residential development with active planning permits, offering excellent potential for completion and future capital appreciation. It should be noted that the property may alternatively be acquired by purchasing the issued share capital of the company that owns the property.
View more View less Located in Larnaca.
Sea View Tourist Land with Incomplete Residential Project in Maroni, Larnaca. It is located 2.1 km from the community center and 180m from the coastline. It is adjacent to the coastal road that connects Maroni with Zygi and Psematismenos. The wider area consists mainly of greenhouses, residential and touristic developments. The property comprises an incomplete residential development designed to consist of 28 residential units, 2 retail shops, a swimming pool, a basketball court and perimeter fencing. The development is supported by two active Planning Permits, including a Planning Permit for the development valid until December 2029 and a Planning Permit for the subdivision of the land into individual plots valid until December 2028. The Land has a total area of 8.470 sq.m. with frontage of 100m and falls within touristic planning zone T3ε allows for 40% building density, 20% coverage, up to 3 floors, and a maximum height of approximately 13,10 metres. This property represents an exceptional investment opportunity, comprising an incomplete residential development with active planning permits, offering excellent potential for completion and future capital appreciation. It should be noted that the property may alternatively be acquired by purchasing the issued share capital of the company that owns the property.
Reference: WJTH-T8150
Country: CY
City: Larnaca
Category: Residential
Listing type: For sale
Property type: Land
Property size: 91,170 sqft
Quiet place: Yes

SALE PRICE PER SQFT IN MARONI

Average sale price per sqft
Nov 2021
3 months
1 year
House
USD 240
+1.1%
-
Apartment
-
-
-

REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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