The property consists of 6 adjoining land parcels located in Ormideia, Larnaca.
The asset is located c. 80m west of the Ormideia – Avgorou road, c. 100m north of Dimokratias Avenue and c. 230m northwest of Saint George Alamanou church.
The property totals 18,827sqm (Reg. No. 0/3336 is a shared ownership: 33/50) and is accessible from a road network which abuts the parcel with Reg. No. 0/3336. The asset is covered by all utility services (water, electricity and telecommunications).
According to the distribution agreement all six fields will be divided into 21 plots (20 plots will belong to Mostero Properties Ltd).
The wider area is characterized from two-storey detached houses and commercial use buildings.
The asset falls within residential planning zone H2 with a building density coefficient of 90% and a coverage coefficient of 50%, over 2 floors and 8.3m maximum height.
Owner: Mostero Properties Ltd
Reg. No.: 0/3336 (33/50 of 10,703sqm), 0/537 (1,876sqm) , 0/538 (4,412sqm), 0/539 (3,610sqm), 0/540 (797sqm), 0/565 (1,068sqm)
All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.
| District |
Larnaca |
| Area/Village |
Ormideia |
| Type |
Field |
| Vat |
Vat not Applicable |
| Title deed |
Yes |
| Coverage ratio |
50% |
| Max floors |
2 |
| Max height |
8,30 m |
| New code |
2-271-374, 2-271-373 |
| Plot |
498, 499, 502, 503, 505, 430 |
| Block |
05, 05 |