Bazaraki
Property 6308126
Larnaca · EUR 300,000 · 6
An excellent investment opportunity located in the centre of Dromolaxia, within the residential and commercial core of the village under the Local Plan of Larnaca. The property sits on a 550sqm plot and falls within Planning Zone Εβ/Πα9α (100%), offering 120% building density and 70% coverage, with permission for up to two floors and a maximum height of 8.3 metres, providing strong redevelopment potential. The property consists of a ground floor coffee shop with an internal area of 164sqm and an upper floor residence of 124sqm. The ground floor features a spacious open-plan commercial area with good frontage and visibility, previously operating as a café, while the upper level includes a residential unit that can be used privately or rented out for additional income. The building requires renovation, giving investors or business owners the flexibility to redesign and modernize the space according to their needs, whether for continued commercial use, mixed-use development, or full redevelopment taking advantage of the building density. Situated in a prime central location, the property enjoys easy access to the highway connecting Larnaca, Limassol, and Nicosia, and is only a few minutes’ drive from Larnaca International Airport. It is within walking distance to supermarkets, bakeries, pharmacies, schools, and various local amenities, making it a strategic choice for both commercial activity and residential use. Its position within the traditional village core ensures steady local traffic and visibility, further enhancing its investment value. This is a strong opportunity for investors seeking a centrally located commercial property with development potential in the rapidly growing Dromolaxia area.
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