Commercial Plot for Sale in Lapta

Immediate Delivery | Credit: Suitable

Located in the Girne Lapta Tınaztepe region, this strategic land is situated on North Cyprus’s developing tourism and trade axis. With its wide frontage to the main road and proximity to the sea, it holds high potential for both commercial and residential development projects.

Location Highlights:
– Logistic Advantage: Provides maximum visibility for commercial enterprises with its 40-meter frontage to the main road.
– Access to Recreational Areas: Located 520 meters from the sea and the popular Lapta walking path.
– High Demand Area: Situated at the center of tourist facilities and luxury residential projects.

Land Features:
– Large Surface Area: Suitable for large-scale projects with a total area of 4,272 square meters.
– Zoning Capacity: Offers efficient usage area with a 40% zoning rate and a 2-story building permit.
– Secure Title Deed: Eligible for bank loans with its “Equivalent” title status and secure for investment purposes.
– Commercial Approval: One of the rare parcels in the region with commercial zoning permission.

Investment Perspective:
The limited supply on the main road and rapid value appreciation in the area make this land a secure asset. The potential for commercial use shortens the return on investment period compared to residential projects.

ROI: Estimated Annual Rental Income 70,000 GBP (7 Percent)