powered_by-logo reporter-logo inbusiness-news-logo GOLD-DIGITAL-EDITIONS
Real Estate category powered byReal Estates

Larnaca set to acquire new €15m mixed tourism development

A mixed tourism development with organised apartments in four apartment buildings and 12 other residences, in which there will be 187 beds, a cafeteria, a shop, a central swimming pool and individual swimming pools in the residences, is being planned by S & H Parayialia Estates Ltd, which has submitted a relevant report to the Department of Environment.

The project, which is expected to be built in the Municipality of Dromolaxia - Meneou and which, as stated, will not include a basement, will be constructed on a plot of land under subdivision with a total area of ​​24,429 sq m, which will result from the division of plots with a total area of ​​46,260 sq m, into two plots. The plot of land under subdivision is occupied by an existing development of holiday homes.

The estimated cost of the project is €15 million.

What will it include?

The mixed tourism development, as indicated in the information report, will include reception areas and offices, main and auxiliary dining areas, kitchens, bars, health and welfare areas, areas for care services, a gym, laundry and linen room, storage areas, floors with rooms, gardens, parking areas and swimming pool areas. The total area of ​​the unit will be 9,505.07 sq m, while the covered terraces will amount to 2,338.93 sq m. The maximum height of the buildings will be 12.70 meters.

 

5629263417312746 cache 980x980 Analog medium 481768 1109309 26 11 02 142648

 

To the northwest of the project are the settlements of Meneou and Dromolaxia at a distance of approximately 2,700 meters and 3,700 meters respectively; to the west at a distance of approximately 3,500 meters is Kiti, to the west at approximately 3,300 meters is Pervolia and to the north at a distance of 6,500 meters is Larnaca. To the north is Larnaca Airport at a distance of approximately 1,950 meters and 1,750 meters northeast is the biological wastewater treatment plant of the Larnaca Municipal Development Authority.

It is recalled that in 2021, S & H Parayialia Estates Ltd had submitted an environmental impact assessment study for the construction of a four-story, four-star hotel with a capacity of 392 beds, in Larnaca. According to the environmental study that had been submitted, the proposed development concerned the construction of a four-story hotel on Faros Street on the beachfront of the Municipality of Meneou.

(Source: InBusinessNews)