£4,316,210
Land for sale
Property photos
Just added
£4,316,210
€5,000,000
Land for sale
Larnaca, KrasaLocal area information
Property location
This location is approximate only. Contact the agent for the exact address.
Nearby amenities
Features and description
- Panoramic view
- Near bus route
- Near amenities
- Investment opportunity
- Connected to electric mains
- Elevated
- Easy access to main roads
- Easy access to highway
Investment Opportunity – Warehouse Complex on Prime Residential Development Land in Krasa, Larnaca
An exceptional investment opportunity to acquire a substantial warehouse complex occupying a prime 2,890 m2 plot** in the highly sought-after area of Krasa, Larnaca.
The property comprises seven warehouses, including six ground-level warehouses with a combined covered area of approximately 4,370 m2 and **one underground warehouse** of approximately 1,200 m2 providing a total built area of approximately 5,570 m2.
The site benefits from direct access via a main paved road and features fully paved external areas surrounding the warehouses and ancillary buildings, allowing easy circulation and operational efficiency for commercial activities.
What makes this property particularly attractive is the underlying land potential. The warehouses are situated on residential land within Planning Zone Κα5, offering a 100% building density, creating significant future redevelopment prospects for residential or mixed-use projects, subject to obtaining the relevant permits and approvals.
The asset is held within a company structure and will be transferred through a company sale, resulting in **no property transfer fees** and **no additional VAT payable**, offering substantial savings to the purchaser.
Property Highlights
* Plot area: 12,890 m2
* 6 ground-level warehouses
* 1 underground warehouse
* Total ground warehouse area: 4,370 m2
* Underground warehouse area: 1,200 m2
* Total covered area: Approximately 5,570 m2
* Direct access from main paved road
* Fully paved yard and surrounding areas
* Residential Planning Zone: Κα5
* Building Density: 100%
* Significant redevelopment potential
* Company sale structure
* No transfer fees
* No additional VAT payable
* Attractive acquisition price below current market value
A rare opportunity combining immediate commercial utility with long-term development potential in one of Larnaca's most desirable and rapidly growing locations.
An exceptional investment opportunity to acquire a substantial warehouse complex occupying a prime 2,890 m2 plot** in the highly sought-after area of Krasa, Larnaca.
The property comprises seven warehouses, including six ground-level warehouses with a combined covered area of approximately 4,370 m2 and **one underground warehouse** of approximately 1,200 m2 providing a total built area of approximately 5,570 m2.
The site benefits from direct access via a main paved road and features fully paved external areas surrounding the warehouses and ancillary buildings, allowing easy circulation and operational efficiency for commercial activities.
What makes this property particularly attractive is the underlying land potential. The warehouses are situated on residential land within Planning Zone Κα5, offering a 100% building density, creating significant future redevelopment prospects for residential or mixed-use projects, subject to obtaining the relevant permits and approvals.
The asset is held within a company structure and will be transferred through a company sale, resulting in **no property transfer fees** and **no additional VAT payable**, offering substantial savings to the purchaser.
Property Highlights
* Plot area: 12,890 m2
* 6 ground-level warehouses
* 1 underground warehouse
* Total ground warehouse area: 4,370 m2
* Underground warehouse area: 1,200 m2
* Total covered area: Approximately 5,570 m2
* Direct access from main paved road
* Fully paved yard and surrounding areas
* Residential Planning Zone: Κα5
* Building Density: 100%
* Significant redevelopment potential
* Company sale structure
* No transfer fees
* No additional VAT payable
* Attractive acquisition price below current market value
A rare opportunity combining immediate commercial utility with long-term development potential in one of Larnaca's most desirable and rapidly growing locations.
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More information
Listed by
Lextrus Real Estate LTD
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