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Agricultural land 5270 m²

Larnaca, Maroni
Posted: 16.09.2024 12:11 Ad ID: 5437518
Agricultural land 5270 m²
  • Reference number: 5826
  • Share: No
  • Density: 6
  • Coverage: 6
  • Land type: Field
  • Plot area: 5270 m²
  • Plot Type: Agricultural
  • Online viewing: Yes
  • Square meter price: €17 /m²
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A prime Special Protection field measuring 5,270 sq.m. in Maroni, Larnaca.

The property boasts a rectangular shape and flat surface, with excellent access via registered roads and 60m of frontage. Strategically located just 7km from the B1 motorway, 1km from the beach, and 4km from Zygi community center, this asset offers significant development potential. Falling within Zone Z1, the property allows for a 6% building coefficient, 6% coverage, and permission for 2 floors (up to 8.3m), making it ideal for coastal investment opportunities.

Currently occupied by a tenant for greenhouse cultivation, the asset also includes a small prefabricated unit. An existing 10-year lease agreement, effective from 15.01.2021, ensures steady rental income, with the option for a 4-year extension until 2035.

Lease terms:

15.01.2021 – 14.01.2024: €800/year

15.01.2024 – 15.01.2027: €1,000/year

15.01.2027 – 14.01.2031: €1,200/year

15.01.2031 – 14.01.2035: €1,400/year

This asset presents a solid long-term investment opportunity with guaranteed income and future development potential.

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Posting since jul, 2022

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