The Plot of Land is located fronting the main road entering the village of Meneou from the Larnaca City direction

Meneou, Larnaca, Cyprus

For Sale

€400,000

REF: 951625 €400,000


3242 m2

Description

The Plot of Land is located fronting the main road entering the village of Meneou from the Larnaca City direction. The land comprises 3,242.00 sq. metres and is zoned as residential. The land has easy, close, access to the Cypriot motor-way system [minutes away] from which can be accessed, Pafos, Polis, Limassol, Nicosia, Paralimni, Agia Napia and Larnaca. It has ready access to Larnaca International Airport [minutes away]. It has easy access to Larnaca Bay Beaches [Finikoudes, MacKenzie, and beaches to the west of Larnaca] all of which cater for a variety of water-sports. The land has access, front and rear, via a main road at the front, and a secondary road at the rear, which currently serves two, separate, bespoke residential properties. The land can be connected to mains utilities, mains water, mains sewage, mains electricity, and mains terrestial telephone systems, all of which are located at the front of the land. Broadband telecommunication systems service the area. Zoning: Ka6 Area: 3,242 sq.metres Total Permissible Site Coefficient: 0.90 1. Permissible Ground Floor Coverage: 0.50-1. Total Number of Floors: 2 [excluding Basement, Ground Floor plus First Floor]. Maximum Height above Ground Level: 8.30metres. Allowance for Covered Balconies [per floor]: 0.20-1. The land is subject to planning gain .

Accordingly, deductions need to be made for roads, road re-alignment, and up-to 15% for public green area and pathways. Area required for road re-alignment: 210 sq.metres. Area required for green space: 455sq.metres. Building Site Area: 2,577 sq.metres. Permitted Ground Coverage: 1,288 sq.metres. Permitted Total Floor Coverage [excluding basement]: 2,319 sq.metres. Permitted Covered Balconies [per floor]: Ground Floor:258sq.metres First Floor:206sq.metres. Required Parking Places: 1 parking place [minimum] per household.
The Plot of Land is located fronting the main road entering the village of Meneou from the Larnaca City direction. The land comprises 3,242.00 sq. metres and is zoned as residential. The land has easy, close, access to the Cypriot motor-way system [minutes away] from which can be accessed, Pafos, Polis, Limassol, Nicosia, Paralimni, Agia Napia and Larnaca. It has ready access to Larnaca International Airport [minutes away]. It has easy access to Larnaca Bay Beaches [Finikoudes, MacKenzie, and beaches to the west of Larnaca] all of which cater for a variety of water-sports. The land has access, front and rear, via a main road at the front, and a secondary road at the rear, which currently serves two, separate, bespoke residential properties. The land can be connected to mains utilities, mains water, mains sewage, mains electricity, and mains terrestial telephone systems, all of which are located at the front of the land. Broadband telecommunication systems service the area. Zoning: Ka6 Area: 3,242 sq.metres Total Permissible Site Coefficient: 0.90 1. Permissible Ground Floor Coverage: 0.50-1. Total Number of Floors: 2 [excluding Basement, Ground Floor plus First Floor]. Maximum Height above Ground Level: 8.30metres. Allowance for Covered Balconies [per floor]: 0.20-1. The land is subject to planning gain .

Accordingly, deductions need to be made for roads, road re-alignment, and up-to 15% for public green area and pathways. Area required for road re-alignment: 210 sq.metres. Area required for green space: 455sq.metres. Building Site Area: 2,577 sq.metres. Permitted Ground Coverage: 1,288 sq.metres. Permitted Total Floor Coverage [excluding basement]: 2,319 sq.metres. Permitted Covered Balconies [per floor]: Ground Floor:258sq.metres First Floor:206sq.metres. Required Parking Places: 1 parking place [minimum] per household.
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#12984

Currency Exchange

Meneou, Larnaca, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €400,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€400,000 £329,560 £347,236 £17,676
Property Price € €400,000
Minimum cost in the last six months £329,560
Maximum cost in the last six months £347,236
Fluctuating exchange rates over the last six months could have increased the cost of this property by £17,676

Meneou, Larnaca, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €400,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€400,000 £329,560 £347,236 £17,676
Property Price € €400,000
Minimum cost in the last six months £329,560
Maximum cost in the last six months £347,236
Fluctuating exchange rates over the last six months could have increased the cost of this property by £17,676

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £17,676 more.

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