Property ID : G6870
Sold €5,500,000 - Plot
The property is a seafront commercial plot in Chrysopolitissa. It is located in the area of former Refineries, along Ammochostou avenue and next to the American University of Cyprus. It has an area of 3,590sqm and 30m road frontage.
It falls within the ZEΑA planning zone, one of the most generous planning zones of the new area plan. The ZEAA zone allows for residential, touristic, office, leisure, and commercial uses, as well as for any other uses that are deemed aligned to the character of the area with a maximum allowable height of 68m/15 floors. The allowable building density begins at 100% but can be increased through selected incentives which are either exclusive or non-exclusive to the Area Plan.
The property is in the heart of the new area to be developed. It is surrounded by a vast number of new constructions and amenities following the ongoing projects of the Larnaca Marina and Port as well as the announcement for the development of the Land of Tomorrow project.
Owner: Dostoredos Limited (Gordian SPV)