The property can be developed for residential development,office /commercial development,city hotel and utilising the adjoining listed buildings as the hotels communal areas.
Total building density allowed 1149 sqm.

Situated just off the famous Promenade of Finikoudhes.

Suitable for bar ,restaurant,club,pub,cafeteria or any other kind of commercial use. 

The reconstruction of the listed building approx 40%-45% on the amount spend is given back to the owners as extra building coefficient which can be either used in the development of the garden or to the part of the building which is not listed.

  Additionally to the above there is also the case where the extra building coefficient can be sold to a third party.

*due to the fact that it is a listed building in a Commercial Zone,  with the renovation of the building the Cyprus government gives extra density.
*the construction of the garden and the outside can be made in 100% boundaries (NOT going back 3 cm)
*because it is a listed building there is no need for having parking space.  This results in taking advantage the whole plot for commercial/ business use.
*regarding the garden and the construction which is not listed a 7 floor building can be erected * from a previous study made by a civil  engineer in Larnaca it showed that approx 32-37 rooms can be build of 40m2 each excluding common spaces.

*having a listed property and use it for business purposes benefits tax allowances.

Partly  exchange can be arranged with buildings or apartments.