№ LA 102 Land Plot in Larnaca

Larnaca
Aradippou
Residential Land for Development
2,546 square meters
from 363,780 € + VAT
№ LA 102 Land Plot in Larnaca
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Advantages:

  • Prestigious location
  • Growing demand
  • Potential profit
  • Proximity to utilities (water supply, electricity, telecommunications, etc.)
  • High construction density – 100%
  • Building coverage – 50%
  • Three-story construction with a maximum height of 13.5 meters.
  • Exclusively residential area
  • An attractive offer for both locals and foreigners.

We are pleased to present a unique opportunity to invest in a residential land plot designated for building a residential complex.

It is located in the popular residential area of Aradippou, within walking distance of the city’s infrastructure and just a 7-minute drive from the center of Larnaca.

Key features of the plot include an internal buildable area of 1,785 square meters and 357 square meters of covered verandas. The plot allows for the construction of two 3-story buildings with penthouses, totaling 21 apartments.

There is also the possibility of creating a children’s playground, barbecue areas for adults, and a swimming pool around the buildings. The plot will be equipped with parking and a small sports facility.

Financial Information:

  • The total construction cost, including architect’s fees, engineering work, and government fees, amounts to € 2,454,375 (total construction cost).
  • The cost per square meter of the sellable area (2,142 square meters – total sales area) is €1,315 per square meter.
  • The minimum cost per square meter for sale in this area is € 2,300, making this project very attractive for investments and ensuring a net profit of at least 40% of the total investment.

Furthermore, sales can commence immediately after submitting the project for the necessary permits (in the under study), significantly increasing the project’s internal rate of return (IRR) to approximately 200%.

Our experts will provide you with full support and legal assistance at all stages of your investment.

Sea: 10 minutes away

Contact us

For enquiries please fill in the form below. Our consultants will contact you with the details.

Cyprus, Larnaca

Griva Digeni 49, Chrystalla Court 1st Floor Office 11, 6036 Larnaca, Cyprus

+357 96 345 275

Ukraine, Kyiv

11B Lyuteranska St., off. 23, 01024

+38 044 383 90 30

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