For SaleInvestment Opport Warehouse Complex on Prime Residential Development Land in Krasa, Larnaca
About this property
Investment Opport – Warehouse Complex on Prime Residential Development Land in Krasa, Larnaca An exceptional investment opport to acquire a substantial warehouse complex occupying a prime 2,890 m² plot** in the highly sought-after area of Krasa, Larnaca. The property comprises seven warehouses, including six ground-level warehouses with a combined covered area of approximately 4,370 m² and **one underground warehouse** of approximately 1,200 m² providing a total built area of approximately 5,570 m². The site benefits from direct access via a main paved road and features fully paved external areas surrounding the warehouses and ancillary buildings, allowing easy circulation and operational efficiency for commercial activities. What makes this property particularly attractive is the underlying land potential. The warehouses are situated on residential land within Planning Zone Κα5, offering a 100% building density, creating significant future redevelopment prospects for residential or mixed-use projects, subject to obtaining the relevant permits and approvals. The asset is held within a company structure and will be transferred through a company sale, resulting in **no property transfer fees** and **no additional VAT payable**, offering substantial savings to the purchaser. Property Highlights * Plot area: 12,890 m² * 6 ground-level warehouses * 1 underground warehouse * Total ground warehouse area: 4,370 m² * Underground warehouse area: 1,200 m² * Total covered area: approximately 5,570 m² * Direct access from main paved road * Fully paved yard and surrounding areas * Residential Planning Zone: Κα5 * Building Density: 100% * Significant redevelopment potential * Company sale structure * No transfer fees * No additional VAT payable * Attractive acquisition price below current market value A rare opport combining immediate commercial utility with long-term development potential in one of Larnaca's most desirable and rapidly growing locations.
Features
- Connected to electric mains
- Easy access to highway
- Easy access to main roads
- Elevated
- Investment opportunity
- Near amenities
- Near bus route
- Panoramic view