Description
The asset concerns a 16.6% undivided share of Residential Field in Ormidia, Larnaca District, representing 530 sq.m. of the total of 3.127 sq.m. field. Ormidia is known for its peaceful environment and is experiencing rapid development, making this share of land a valuable investment opportunity in a growing area. Strategically positioned, the field enjoys excellent accessibility and proximity to key landmarks: • 500m southeast of Ormidia village center • 200m east of Larnakos Avenue • 450m northeast of the Ormidia community stadium • 850m north of the beach The property enjoys significant advantages due to its location along a registered public road along the eastern boundary. It features a generous road frontage of approx. 120m, which enhances visibility and accessibility. Direct access is provided via Theodorou Kolokotroni Street. The expired planning permit (ΛΑΡ/820/2009), originally intended to subdivide the land into three distinct plots plus one residual field indicating a planned development layout. Despite the title deed referencing a “House”, the 16.6% undivided share currently offered pertains solely to vacant land, not to any built structure. This distinction clarifies that the share does not include ownership of an existing dwelling but rather a proportional interest in the undeveloped land parcel. No distribution agreement in place. This is an ideal investment opportunity for those looking to secure land in a quiet residential area with close proximity to amenities, infrastructure, and the coast. The property falls within Zone H2, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (8.3m) of construction.
