€490,000 $511,164
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Pay in USD and save up to $17,891Key features
- Listing ID: 1619547 (10447)
Description
This industrial asset of a well-established industrial development on , within the Chrysopolitissa area of Larnaca Municipality(Larnaca's Marina Area). It is strategically positioned just 700 meters northwest of Larnaca Marina and 150 meters east of Arch. Makarios III Avenue, a prominent commercial artery in Larnaca. The asset enjoys close proximity to Larnaca Harbor to the west, offering easy access to key transportation routes, and is well-connected to the city center and surrounding areas.
The surrounding area is a fully developed urban zone, primarily consisting of residential developments and mixed-use buildings, including shops, offices, and warehouses. Furthermore, the property is situated in an area currently undergoing rejuvenation, which adds to the investment potential, as future developments in the area may result in enhanced value over time.
The asset consists of an open-plan industrial space with ancillary office areas, which have been partitioned into four rooms with a toilet. The building features a metallic frame, an inclined metallic roof, concrete walls, and concrete flooring. Externally, the property is paved with asphalt along a private access road.
The asset is ideally located near the port, making it an excellent choice for businesses requiring access to maritime logistics. It is also in close proximity to the Larnaca Marina and major road networks.
The area is undergoing revitalization, with the potential for future planning zone changes that could enhance the value of the asset. As such, this property offers strong upside potential, particularly in terms of potential redevelopment or change of use. This asset presents an excellent opportunity for industrial, commercial, or mixed-use ventures, with significant future potential due to its strategic location and the ongoing rejuvenation of the surrounding area. It is ideal for businesses seeking proximity to key transport hubs, with the added benefit of potential value appreciation as the area evolves.
The property falls within Zone ΚΓ3α, with a building coefficient of 140%, coverage of 50%, and permission for 6 floors (24m) of construction.
There is a separate title deed for this property.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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