7086m² Land in Kiti, Cyprus No. 69748

Property description

This asset for sale it is located in a quiet and purely residential area within the administrative boundaries of Kiti village in Larnaca District. It is located close to all necessary services and amenities within excellent access towards the Kiti centre and the neighboring villages.

The property is characterized as residential with total area of 7086sq.m and has 90% build factor. The plots come in various sizes - Ten of them are 500 m2 +, and the other two are 817 m2. This off plan option would allow for a great investment opportunity.

The proposed development is for 26 detached two-storey three bedroom houses, town-planning certainty licensed dwellings in Kiti in the Larnaca District on 12 created/existing plots with constructed roads, sidewalks, other services and green area. It is noted that the applications for planning certainty have all been submitted before the 1st of October 2023 and fall under the Article 98 of the European Directive for 5% VAT up to two hundred square meters of built-up space.