Fields in Dromolaxia, Larnaca, Price: € 3,250,500
The asset consists of two adjacent fields in Dromolaxia-Meneou. It is located 1,2km from Larnaca International Airport and 70m from Makariou avenue. The fields have a total area of 36,999sqm and a total road frontage of 440m. They fall within the airport special facilities zone which has similar characteristics as a commercial zone. The property can be used for the development of: - Residences or apartments - Boutique hotels - Shops with a gross area greater than 250sqm - Supermarkets and Multi-purpose commercial developments - Offices - Specialised use businesses (car rental/car parks) - Sports venues - Entertainment halls.
District – Larnaca; Community - Dromolaxia-Meneou Municipality Quarter – Meneou Reg. No.0/4057, 0/4058 Land area - 36,999 m2; Sheet/Plan - 50/31, 50/4014V02; Parcel 516, 90;
Town planning zone: Commercial
Building density: 90 % Coverage ratio: 50 % Max floors: 2 Max height: 10 m
Town planning zone: Residential
Building density: 120 % Coverage ratio: 70 % Max floors: 2
Financials (USD)
Net Operating Income (Annual) Not Disclosed
Asking Price Not Disclosed
Converted From EUR
Exchange Rate $1.17
Cap Rate Available On Request
Deal Terms
Broker Co-Op? Available On Request
Seller Financing Available? Available On Request
Seller Willing To Lease? Available On Request
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