A large plot of land of a total 9,737,m2 right on Phaneromenis Avenue.

The immediate area of the property presents a remarkable residential

development, with mainly independent residences of modern design,

most of them new and of high standard, but also apartment buildings

with apartments and vacant plots. In addition, along Faneromeni

Avenue there is notable commercial development, as this Avenue

has been developed with shops and/or showrooms on the ground

floor and offices and/or apartments on the floors. The uses of the

ground floor commercial spaces are varied, i.e. fast food outlets,

kiosks, bakeries, etc. which serve the needs of residents in the wider

area. Generally the area under consideration is covered by all the

basic infrastructure and services.

Excellent location as it is situated in one of Larnacas most prestigious areas.

Close to the Larnaca city centre and Finikoudes Beach.

18% of the land is suitable for commercial use i.e offices ,showrooms with a building density factor of 140%,height 17 m.

82 % of the land is for residential use i.e development of apartments with a building density factor of 120%,height 13.5m.

(Application can be made to change height but not building factor.)

Note that in case of development of the property, there is an increase

in the rate for covered verandas and balconies. This is up to 25% of

the allowed building factor,