Field in Alethriko, Larnaca

The property consists of a very large field in the Alethriko Community in Larnaca District.

The asset is located circa 2km from the nucleus of the Alethriko community, 45m south from the Limassol – Larnaca Motorway and 1,1km from nearest exit.

It totals 61.560 sqm of which circa 24.940 sqm falls into a residential planning zone (H4) and circa 36.620 sqm falls into an agricultural planning zone (Γ3).

It has a rather triangular shape with flat even surface.

Road frontage: 710m along an asphalted road along its southeast border and 640m along the Larnaca-Kofinou Road located at the southeast border of the field.

The asset has the potential to be covered by all the utility services i.e. electricity, water and telecommunication.

The immediate area is characterised mainly by mid to high specification residential developments as well as unutilised land parcels.

Assets in this area have good access to facilities including a supermarket, a bakery, a petrol station and schools.

The property is zoned as both H4 (residential) with 40% building density, 25% coverage, 2 floors and a maximum height of 8,3m and Γ3 (agricultural) with 10% building density, 10% coverage, 2 floors and a maximum height of 8,3m.

Ownership through SPV: Kartama Properties Limited