Residential plotfor sale

Residential Plots for sale in Makenzy area.

ID ref #1887

Cyprus,Larnaca district,Makenzy
€2 360 000

Property size: 2 sq.m.
Property status: Under division
VAT: Plus VAT
Title deeds: To be issued
Coverage factor: 50%
Building density: 120%
Zone: Κα4
Additional features: access
electricity
registered road
water supply
asphalt road access
Distant sea-view
near commercial area
easy access to highway
near amenities
walking distance to the beach

Description

Residential Plots for sale in Makenzy area.

The asset consists of 19 residential plots of land in an attractive area in Larnaca.  The plots are at the final stages of subdivision and are sold as complete plots with separate title deeds. The land area of the plots totals 13 141 sqm, with corner and rectangular shape plots and benefits from a road frontage along Artemidos Avenue, Touzhane Street and the Salt Lake.  The  asset is near Mackenzie beach, Kastella Beach and Larnaca Fishing Shelter. It is home to a wide range of restaurants and is particularly famous for its fish restaurants.

The current zoning allows for a range of other commercial uses, including supermarkets, health clubs, hotels, banks and pharmacies.

The owner wishes to sell the plots into 4 different clusters.  These clusters with the use of incentives can allow for buildings of up to 12 floors.

The clusters sold are as follows:

Cluster 1: Plots 17 - 19 with an area of  3,393sqm. Price = €3,900,000

Cluster 2: Plots 35, 36 with an area of  2,056sqm. Price = €2,360,000

Cluster 3: Plots 20 - 27 with an area of  4,220sqm. Price = €3,900,000

Cluster 4: Plots 28 - 33 with an area of  3,472sqm. Price = €3,780,000