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The property consists of two adjacent fields in Dromolaxia-Meneou. It is located 1,2km from Larnaca International Airport and 70m from Makariou avenue. The fields have a total area of 36,999sqm and a total road frontage of 440m. They fall within the airport special facilities zone which has similar characteristics as a commercial zone.
The property can be used for the development of:
- Residences or apartments
- Boutique hotels
- Shops with a gross area greater than 250sqm
- Supermarkets and Multi-purpose commercial developments
- Offices
- Specialised use businesses (car rental/car parks)
- Sports venues
- Entertainment halls
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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