Ref. No. 21388 Commercial Land

€1,550,000 Plus VAT
Dromolaxia Larnaka
Commercial Land
49092m² Plot
Sales Agent Stefanos Constantinou

Property Description

This property is a field located in Meneou, Larnaca, c. 600m from the centre of the village, c. 1.8km southwest of the Larnaca international airport and c. 2.5km from the beach.

The field has a flat even surface and a regular shape to its majority apart from an oblong part that is used to access the Arch. Makariou III Avenue.

The property totals 49,092sqm and falls within four different planning zones. C. 34.397sqm fall within the agricultural planning zone Γα2, c. 8.140sqm fall within airport special services planning zone (ΕΔΑ1α) , c. 6.295sqm fall within the residential planning zone Kα6 and c. 260sqm fall within a protection planning zone.

The property benefits from a road frontage of c. 40m Alexis Panagoulis Street on its northwest border and of c. 5m to Arch. Makariou Avenue III.

The property is covered by all utility services (water, electricity and telecommunication).

The wider area consists of limited number of average quality residential units and commercial use developments as well as utilized plots of land. 

The property falls within four different planning zones:

-Zone Kα6 (residential) with 90% building density, 50% coverage, a maximum of 2 floors and a maximum height of 10m.

-Zone ΕΔΑ1α with 90% building density, 50% coverage, a maximum of 2 floors and a maximum height of 10m.

-Zone Δα2 with 1% building density, 1% coverage, a maximum of 1 floor and a maximum height of 5m.

-Zone Γα2 with 6% building density, 6% coverage, a maximum of 2 floors and a maximum height of 7m.

Owning SPV: Solomaco Properties Ltd

All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.

Property Features

Plus VAT

Transfer Fees

€61,608
BUYING AS AN INDIVIDUAL
€58,600 Transfer fees + €3,008 Stamp Duty
€58,208
BUYING ON JOINT NAMES
€55,200 Transfer fees + €3,008 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
THIS WEBSITE IS USING COOKIES
We use cookies to provide necessary functionality and give you the best experience on our website. Continue if you are happy to receive all cookies on this site. Read our Cookies Policy.