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Incomplete Residential Building in Deryneia area, Famagusta.

USD 577,183

Misc & Unspecified (For sale)

1 bd
14 ba
13,864 sqft
lot 36,447 sqft
Reference: WJTH-T2598 / 48652
Located in Famagusta.
Incomplete Residential Building in Deryneia area, Famagusta. Great location, only 4 km away from the sea. There is access to amenities such as restaurants, bakery, supermarket etc. Just 10 minutes away from the beautiful Protaras. Τhis apartment building is part of a prestigious Complex in Deryneia area, Famagusta. The property presents an exciting opportunity for further development, with independent rights and a separate title deed already secured. 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. This development is perfect for investors seeking a prime location investment with significant growth potential. The horizontal division for the building was completed under permit No. 530, issued on 11/09/2017. Additionally, the final approval certificate for the corresponding permit, No. 822, 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. Title Deed Available
View more View less Located in Famagusta.
Incomplete Residential Building in Deryneia area, Famagusta. Great location, only 4 km away from the sea. There is access to amenities such as restaurants, bakery, supermarket etc. Just 10 minutes away from the beautiful Protaras. Τhis apartment building is part of a prestigious Complex in Deryneia area, Famagusta. The property presents an exciting opportunity for further development, with independent rights and a separate title deed already secured. 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. This development is perfect for investors seeking a prime location investment with significant growth potential. The horizontal division for the building was completed under permit No. 530, issued on 11/09/2017. Additionally, the final approval certificate for the corresponding permit, No. 822, 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. Title Deed Available
Reference: WJTH-T2598
Country: CY
City: Famagusta
Category: Residential
Listing type: For sale
Property type: Misc & Unspecified
Property size: 13,864 sqft
Lot size: 36,447 sqft
Rooms: 14
Bedrooms: 1
Bathrooms: 14
WC: 14
No. of levels: 3
Furnished: Yes

SALE PRICE PER SQFT IN FAMAGUSTA

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 263
-6.9%
-7.1%
Apartment
USD 227
-0.7%
+8.5%

AVERAGE HOME VALUES IN FAMAGUSTA

REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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