The property is a plot in Agios Nikolaos next to K-Cineplex, Larnaca. The property has an area of 2,176sqm and benefits from c. 40m frontage along Peloponissou Street and 40m along Nikolaou Mantzarou Street. The immediate area comprises mainly of residential developments. The property is covered by all the utility services (water, electricity and telecommunication). The property falls within two planning zones: -1,153sqm fall into commercial planning zone Εβ2 with a building density coefficient of 180% and a coverage coefficient of 50%, over 6 floors and 24m maximum height. -1,023sqm residential planning zone Κα4 with a building density coefficient of 120% and a coverage coefficient of 50%, over 3 floors and 13.5m maximum height.