Listed Historic Building for Sale in Larnaca / Town Center Larnaca №243340

We are pleased to present a rare opportunity to acquire a listed historic building in the heart of Larnaca, within walking distance of Ermou Square, St. Lazarus Church and Finikoudes Beach. Surrounded by restaurants, boutique hotels and tourist attractions, the property is approximately 7 minutes by car from Larnaca International Airport. The property is offered as-is, with an approved planning permit for conversion into an elegant two-storey townhouse. Property & Development Details: Plot Size: 141 sqm Proposed Covered Area: 183 sqm Layout: 2 bedrooms with skylights, office/optional 3rd bedroom, 2 bathrooms Features: Spacious open-plan kitchen and living area, large terrace Planning Permit: Approved and available upon request Restoration & Investment Benefits: Estimated Renovation Cost: €360,000 Potential Government Subsidy: Up to €150,000, including approximately €50,000 in transferable development density value Additional Remaining Development Density: Approximately 71 sqm, with an estimated value of €40,000 Total Potential Financial Benefits: Up to €190,000 Estimated Net Investment: €545,000, assuming full realisation of the above benefits Potential Tax Incentives associated with listed historic properties The property offers an attractive opportunity to restore a historic building in one of Larnaca's most desirable central locations, with the potential to benefit from government restoration incentives. A turnkey restoration solution may also be discussed upon request. All subsidies, development rights and estimated financial benefits are subject to eligibility, regulatory approval and verification. For further information, approved plans and acquisition details, please feel free to contact us.