Urban Oasis

A beautiful project at the heart of Larnaca's old city

Prime Urban Living in Larnaca’s Rising Core

Urban Oasis transforms a centrally located Larnaca property into a curated mix of premium residential units, fully furnished and optimized for short- and medium-term rentals. Set just minutes from Finikoudes Beach, the city marina, and Ermou Street’s retail district, this project is strategically positioned for tourism, business travel, and relocation demand.

The Vision

Urban Oasis blends urban convenience with elevated living. The property—originally a 715m² mid-size building—is undergoing a full-scale renovation into 13 contemporary apartments (1- and 2-bedroom), complete with a welcoming lobby, coworking café, and rooftop garden for communal use. Each unit features modern finishes, open layouts, and energy-efficient appliances—ready for immediate use upon delivery.

Location Advantage

Larnaca Centre | 500m to the beach | 2km to university | 10km to airport
Located just behind the Leonardo Hotel, Urban Oasis sits in the epicenter of Larnaca’s residential-tourism boom, benefiting from increasing year-round demand and proximity to key transport, healthcare, retail, and leisure hubs.

Financial Highlights

Total Investment: €2.55M (including land + full renovation)
Estimated Sales Revenue: €3.8M
Net Profit: €1.08M
ROI: 43%
Average Sales Price: €5,310/m²
Projected Operational EBITDA (Year 3): €367K
Target Gross Return on Rentals: 13–14%

Whether held for exit or managed for recurring income, Urban Oasis offers flexible monetization strategies, including sales, holiday lets, and furnished medium-term leases.

Project Breakdown

Apartments: 13 units (mix of 1- and 2-bedrooms)
Shared Amenities: Lobby with hosting area, coworking café, rooftop garden
Renovation Status: Turnkey delivery upon completion
Management: Professional operator with targeted booking partnerships and yield optimization

Why Invest

Unmatched Location: Central, walkable, and minutes from the beach and airport.
Strong Yield Potential: Proven demand for furnished rentals in Larnaca’s city-core.
Attractive Exit Strategy: Sell as individual units or entire block post-renovation.

Request Investment Brief

Legal & Fiscal Simplicity

Clean Cyprus entity
Company held title

Property Details

Plot Area: 361 m²
Total Built Area: 715 m²
Purchase Price: €1,500,000
Price per Built m²: €2,098

Building Layout (Pre-Renovation):

Ground Floor: 202 m²
First Floor: 223 m²
Second Floor: 208 m²
Third Floor: 52 m²

Area Highlights

500 meters from Finikoudes Beach and the seafront promenade
2-minute walk from Leonardo Hotel
Adjacent to Ermou Street – Larnaca’s main shopping and commercial strip
10 km from Larnaca International Airport
300 meters to shops, cafes, and supermarkets
3 km to major hospitals and medical facilities
Walkable, well-connected neighborhood with high foot traffic and transit access
Located within the urban regeneration zone, benefiting from infrastructure upgrades and city incentives