Pyla, Pyla, Larnaca, Cyprus | Residential Land For Sale at GLOBAL LISTINGS

Report Listing

Residential Land For Sale

€760,000

Pyla
Pyla, Larnaca, Cyprus

10,034 sqm

Year Built: 0

Listed By: Bezino Trading Ltd

Listed On: 12/03/2024

Listing ID: GL11990137 View More Details

Description

Exclusively to RE/MAX this plot of land in Pyla is a great opportunity for residential development, given its size (10,034 sq.m.), planning zone (H2), and proximity to key amenities like the University of Central Lancashire (UCLan), sports facilities, schools, and beaches. The land benefits from access via two registered roads on opposite sides and offers partial sea views.

Development Plan:

With a building density of 90% and coverage of 50%, it is possible to build approximately 9,030 sq.m. of covered spaces across two floors.

Potential Yield:

Apartments can range from 100,000-250,000/unit depending on size and finishing.

Villas can range from 300,000-600,000/unit, attracting both locals and international buyers.

How it could be developed:

1. Residential Complex Development

Apartments: 2-3 apartment buildings with modern amenities such as a gym, pool, and playgrounds.

Villas: Standalone villas with private gardens and parking.

2. Educational-Residential Hub

Student Apartments: Fully furnished apartments tailored for university students, considering the proximity to UCLan.

Faculty Housing: Villas or townhouses specifically designed for university staff.

3. Tourist & Long-Term Rental Property

Rental units due to the proximity to beaches and resorts, as well as professionals.

Furnished studio apartments or short-term rental villas.

4. Senior Living Community

Gated senior living community with single-story villas, healthcare facilities, and recreational areas.

5. Sustainable Development

Green Design: Sustainable materials and technologies (solar panels, water recycling, etc.) for eco-friendly housing project.

Reference number: 480091019-147
Land type: Plot
Plot area: 10034 m2
Plot Type: Residential
Online viewing: Νο
Square meter price: €76 /m2: