1288sqm development opportunity in deryneia, ammochostos

The property is an incomplete residential building located in Deryneia, Ammochostos.

It is important to note that there is a separate title deed for this property for inexhaustible development rights of 1.288 sq.m. covered parking area and a yard of 238 sq.m.

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.

With its concrete structure and brickwork completed, this property is ready for the next phase of development.

Perfect for investors seeking a prime location investment with significant growth potential.

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

Additionally, 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.