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Land for Sale Residential Development Opportunity

Sale Price: €800,000

A prime plot of land with a total area of 9,700 sq.m., designated as residential land, located within a Residential Zone H2 100% where housing is the predominant permitted use.

The property offers excellent development potential.

Planning regulations allow for:

Building density: up to 90%
Coverage ratio: 50%
Maximum floors: 2
Maximum building height: 8.3 meters

This plot is ideal for residential development, such as private villas or a housing project, in a well-defined planning zone with clear building parameters.

To be noted that the property is burdened with an easement for the installation, use, and maintenance of water pipelines in connection with the Famagusta Water Supply Authority.

An excellent investment opportunity in a residentially zoned area with strong development prospects.