€25.000.000
Confirmation
145,000 m2 beachfront land sale opportunity in Larnaca, Cyprus
Cyprus
Land
#33434
Value-Add, Opportunistic
2 Dec 2024
Property Details
Owner
For sale
145,520 m²
Freehold
Other
116,643 m²
Potential for touristic development: 400-bed Hotel Resort, 162 luxury apartments, 39 luxury villas, Wellness Centre, Restaurants, Shops
Investment Overview
Three consecutive rectangular size plots, attached to a fourth plot to the South which acts as the beach front of the whole asset. An overall of 145,000 m2 of land with a flat, even surface, offering attractive sea views. The land benefits from public road frontage to the North providing easy vehicular, cycling and pedestrian access. Utility services are readily available from the public road (Water, Electricity, Telecommunications). The asset falls primarily into the T2A touristic zone, giving the owner numerous investment options in developing the land. The highest gain in buildable area is given when the land is developed as a hotel resort, touristic village and luxury villas.
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