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Description: Zone With Predominant Use As Residential (Ζωνη Με Επικρατουσα Χρηση Την Κατοικια)
Coverage: 0.5
Density: 1.2
Height: 13.5 meters
Allowed stories: 3
Development description: Local Plan Of Paralimni, Ayia Napa, And Deryneia (Τοπικο Σχεδιο Παραλιμνιου. Αγιας Ναπας Και Δερυνειας)
Commercial: 0.3 Km
Tourist: 2.61 Km
Industrial: 0.39 Km
Agricultural: 2.46 Km
Farm: 5.47 Km
An excellent investment opportunity, this residential plot extends to 1,163 sqm and is ideally located in the sought-after area of Paralimni, Famagusta. The property enjoys a regular rectangular shape, a level surface, and direct frontage onto a registered public road, offering easy access and facilitating future development.
The plot falls within the Residential Planning Zone Κα4, allowing for a building density of 120% and a coverage ratio of 50%, with permission for the construction of up to three floors and a maximum building height of 13.5 metres. These planning parameters make the property suitable for the development of detached houses, luxury villas, apartment buildings, or a residential complex, subject to the necessary planning approvals.
Situated in a peaceful residential neighbourhood, the property benefits from close proximity to schools, supermarkets, shops, healthcare facilities, and all essential amenities. It also offers convenient access to the beautiful beaches of the Famagusta district and the centre of Paralimni, making it an ideal choice for both developers and private buyers seeking a prime residential investment.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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