£2,080,004
€2,455,000
Land for saleLarnaca, Larnaca Center
Just added
About this property
Near amenities
City view
Investment opportunity
Heart of city center
An exceptional opportunity to acquire a prime property in one of Larnaca’s most established commercial locations, just 250 metres from the sea and the Finikoudes promenade.
The property currently comprises shops and residential flats and occupies a highly central position close to the Municipal Market and the historic Church of Saint Lazarus. The surrounding area is characterised by retail shops, boutiques, cafés, wine bars, restaurants and other commercial activity, with the seafront and city centre within easy walking distance.
While the property currently generates rental income, its main investment appeal lies in the underlying land value and future development potential. The existing rental return is relatively low compared with the value of the asset, positioning this primarily as a redevelopment opportunity rather than an income-driven investment.
For developers, the opportunity is clear: Acquire a substantial site in the heart of Larnaca and unlock its development potential. The value proposition is centred on the land, its strategic position and the potential for a new scheme that takes advantage of its proximity to Finikoudes and the city’s established commercial core, subject to planning regulations and approvals.
Indicative buildable area 1,560 m2 before incentives.
This is a development-led acquisition for buyers who recognise the value of securing central land before opportunities of this scale and location become increasingly difficult to source.
Current apartment selling prices in the surrounding area are approximately €6,000–€6,700 per m2, providing a strong benchmark for assessing the potential value of a new residential development.
Developers, investment groups and private investors with an active acquisition strategy in Larnaca are invited to contact us directly for the full property file, planning details and a confidential discussion regarding the site.
The property currently comprises shops and residential flats and occupies a highly central position close to the Municipal Market and the historic Church of Saint Lazarus. The surrounding area is characterised by retail shops, boutiques, cafés, wine bars, restaurants and other commercial activity, with the seafront and city centre within easy walking distance.
While the property currently generates rental income, its main investment appeal lies in the underlying land value and future development potential. The existing rental return is relatively low compared with the value of the asset, positioning this primarily as a redevelopment opportunity rather than an income-driven investment.
For developers, the opportunity is clear: Acquire a substantial site in the heart of Larnaca and unlock its development potential. The value proposition is centred on the land, its strategic position and the potential for a new scheme that takes advantage of its proximity to Finikoudes and the city’s established commercial core, subject to planning regulations and approvals.
Indicative buildable area 1,560 m2 before incentives.
This is a development-led acquisition for buyers who recognise the value of securing central land before opportunities of this scale and location become increasingly difficult to source.
Current apartment selling prices in the surrounding area are approximately €6,000–€6,700 per m2, providing a strong benchmark for assessing the potential value of a new residential development.
Developers, investment groups and private investors with an active acquisition strategy in Larnaca are invited to contact us directly for the full property file, planning details and a confidential discussion regarding the site.