Prime Development Opportunity in Deryneia, Ammochostos

Part of the prestigious Complex in Deryneia, Famagusta, this incomplete property offers a unique development opportunity.
While the first part of the complex is fully completed, the second part presents an exciting opportunity for further development, with independent rights and a separate title deed already secured.

It is important to note that this property has a separate title deed for inexhaustible development rights of 1.288 sq.m. covered parking area and a 238 sq.m yard.
The building, accessible via a private road, includes parking and four apartments on the ground floor, six apartments on the first floor, and plans for four more on the second floor.
This property is ready for the next development phase with its concrete structure and brickwork completed.
Perfect for investors seeking a prime location investment with significant growth potential.

The horizontal division for the building was completed and issued on 11/09/2017.

The final approval certificate for the corresponding permit was issued on 27/03/2018.

The property falls within a duel Zone Κα6(70%), with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction and Zone Δα1(30%), with a building coefficient of 0.5%, coverage of 0.5%, and permission for 1 floors (5m) of construction.

The building includes 14 units with 1 and 2 bedrooms.