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Black Murex Facade
Black Murex
St. Lazarus, Larnaca
Black Murex Facade 2
Black Murex Facade 3
Black Murex Interior
Black Murex Interior 2
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Black Murex

6 Units Delivered 2023 St. Lazarus, Larnaca

Investment Highlights

  • Prime historic location in St. Lazarus district, steps from the iconic 9th-century Church of Saint Lazarus.
  • Mixed-use development with ground floor retail and upper residential units for diversified income.
  • Delivered ROI of 18.5% - exceeding initial projections by 3.5 percentage points.
  • Fully occupied within 3 months of completion, demonstrating strong market demand.
  • Tourism footfall - benefits from year-round visitors to the historic quarter.

Project Description

Black Murex is a landmark mixed-use development in the heart of Larnaca's historic St. Lazarus quarter. The project seamlessly blends contemporary architecture with the area's Byzantine heritage, creating a distinctive property that appeals to both commercial tenants and residential occupants.

The ground floor retail units benefit from high pedestrian traffic generated by the nearby Church of Saint Lazarus and Larnaca's revitalized promenade. Upper floors offer premium residential apartments with views of the historic cityscape.

Delivered 100% Complete
Final Project Value
€1,200,000
StatusCompleted
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LocationLarnaca
Delivered2023
Units6
TypeMixed Use
ROI Achieved18.5%

Investment Performance

Target ROI 15%
Actual ROI 18.5%
Outperformance +3.5%

Project Highlights

  • Historic St. Lazarus location
  • Mixed-use income diversification
  • 100% occupancy in 3 months
  • Exceeded ROI projections