Investment 720 m² in Oroklini, Cyprus

Oroklini, Oroklini, Cyprus

Archive cost $510,303

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Updated at: 07/10/2024

Location

Country: Cyprus

Region: Larnaca District

Town: Oroklini

Property parameters

Total area: 720 m²

Description

Incomplete development in Oroklini in Larnaca District. The property is situated close to all necessary amenities and services. It enjoys excellent access to the motorway and the beautiful beaches of the area. The development concerns a two-storey semi-detached house (1 on the ground floor and 1 on the upper floor). The land that comprises of two plots has a total area of 1,104 sq.m. and it is utilized by forming a residential development. The identical residences will each consist (when completed based on the existing permits) of 5 en-suite bedrooms, a shared bathroom, a living room, 2 toilets, a laundry room, a kitchen, kitchen-living room and an open plan living room with a dining area and bar. Externally, it will consist of 5 covered terraces (each) while the basement will consist of parking spaces. It is noted that the houses are in the plastering stage. The total area is approximately 720 sq.m. enclosed areas, 117 sq.m. of covered verandas and approximately a 236 sq.m. basement. The property secured a planning permission, which has expired, for the construction of the building. It is worth mentioning that a concept desighn was prepared which demostrates the conversion of the existing building into a development of a modern apartment building of eight (8) luxury apartments. Specifically, the proposed development will comprice of (1) one-bedroom apartment, (6) two-bedroom apartments and (1) three-bedroom apartment. The property is considered as an appealing investment opportunity for both individuals or property developers.

Location

Oroklini, Oroklini, Cyprus