€ 1 575 000
€ 5 097 / sqm
+ VAT
309m2 Land in Larnaca, Larnaka, Cyprus No. 62398
309 sq.m.
Square
Parameters
Property Description
COMPLETE 4-RESIDENCE LUXURY DEVELOPMENT | LARNACA
Four Luxury Residences | Permits Secured | €1,700,000 Project
A boutique residential development in a prime central/coastal location in Larnaca.
The project has already been substantially prepared, with the architectural design completed and planning and building permits secured for the existing four-residence scheme.
The €1,700,000 proposition is for the delivery of four luxury residences, with one principal residence per floor.
THE PROJECT
The current design includes:
• Four luxury residences
• Approx. 469.80 m² total apartment area
• Generous covered verandas
• Private penthouse roof garden of approx. 33 m²
• Parking and storage provision
• Photovoltaic provision
• Contemporary architectural design
• Planning & building permits secured
The concept has been designed as a small, private residential development rather than a large apartment building, with just one principal residence on each residential floor.
ADDITIONAL FLOOR ALREADY APPROVED
There is also further development potential.
In addition to the four residences included in the €1,700,000 project, an additional floor has already been approved.
This gives the purchaser the option to explore further permitted development beyond the current four-residence scheme.
The additional floor is not included in the €1,700,000 project price. Its design, construction cost, specifications and commercial terms would need to be agreed separately and remain subject to the conditions of the existing approval.
PRIME 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
The location combines easy access to central Larnaca with the beach, marina and some of the city’s best-known destinations close by.
A PROJECT READY TO MOVE FORWARD
For a purchaser looking for a boutique residential development in Larnaca, much of the early work has already been done.
Four luxury residences.
Permits secured.
Architectural design completed.
Additional floor approved.
€1,700,000 project proposition.
Full architectural drawings, existing permits and documentation relating to the additional-floor approval are available to qualified purchasers for due diligence.
Marc & Elina Van Den Heuvel – Luxury Real Estate
Employees of KW Seven, operating under the authorization and supervision of the licensed real estate agent: Gold Seven Real Estate Agency Ltd (Reg. No. 772, Lic. No. 366/E).
? Tel: +357 94 057 843 / +357 99 058 451
Final construction scope, specifications, finishes, delivery timetable and contractual terms are subject to final written agreement.
Features
Sea nearby
Sea view
Double glazed windows and balcony doors
Roof terrace
Solar panel for water heating
Air Conditioners
Statistics
€ 3 667
Price per sq.m.
167
Quality of Life Index
54
Cost of Living Index
Choose a city for comparison
Parameters
Larnaca
Rent Per Month
Apartment (1 bedroom) in City Centre
€ 818
Apartment (1 bedroom) Outside of Centre
€ 610
Apartment (3 bedrooms) in City Centre
€ 1 475
Apartment (3 bedrooms) Outside of Centre
€ 1 094
Buy Apartment Price
Price per square metre in the city centre
€ 3 667
Price per square metre outside the city centre
€ 2 092
Data are provided by Numbeo.com and are based on its users survey. Cyprus-Real.Estate can not guarantee the validity of these data.