Larnaca, Cyprus Multifamily Property with Development Potential

This listing presents a unique real estate development opportunity in Larnaca, Cyprus. It features two semi-detached houses on a single plot, with a total of 3 bedrooms and 1.5 bathrooms across the ground floor unit. The property offers off-road parking for 4 cars and is situated in a family-friendly neighborhood, conveniently located a 5-minute drive from the beach and a 10-minute drive from Larnaca International Airport. Crucially, there is an existing building permit to construct an additional two houses, and the potential to demolish the current structures and build up to 10 two-bedroom apartments. Buyers have two primary options: renovate the existing houses at an estimated cost of €100,000, or pursue a larger development project. The seller's construction department is available to provide further advice and assistance. The total area is 260sqm.