Description
This property in Deryneia consists of two adjacent residential fields with a combined total land area of 9,545 m². Situated in a quiet and developing residential area, the land offers an excellent opportunity for investment, either for plot division or residential development.
Both lands are located within a residential planning zone Κα6 that allows for a building density of 90%, building coverage of 50% and permits construction of up to two floors with a maximum height of 10 meters. These zoning allowances provide ample flexibility for a variety of residential projects, from detached houses to small-scale housing complexes.
The process for obtaining a planning permit for the division of the fields into 10 plots has already been initiated, streamlining the path for future development and reducing the time needed to begin construction. This property is ideal for developers seeking a project with solid potential in a growing area of Deryneia, close to local amenities and with easy access to nearby towns.
*Price excludes VAT.
DERYNEIA
Deryneia is a small town in the southeastern part of Cyprus, situated in the Famagusta District. It’s located near the coast, just a few kilometres from the city of Famagusta. The town is notable for its agricultural activities, with fields of crops such as vegetables and fruits being a key part of this economy. In recent years, there has been an increased focus on community development with the town striving to modernize while maintaining its cultural traditions. Its residents are known for their hospitality and the area offers a quiet, rural atmosphere compared to other larger cities. Deryneia is a peaceful town with a strong local identity, offering a mix of traditional Cypriot culture and modern developments. This place is ideal to start an investment or permanent residence.
- Principal and Interest
- Property Tax
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