Prime Development Opportunity in Deryneia, Ammochostos – id S45524

Part of the prestigious “Dionysos” Complex in Deryneia, Famagusta, this incomplete property offers a unique development opportunity. andlt;br /andgt; While “Dionysos Complex 1” is fully completed, “Dionysos Complex 2” presents an exciting opportunity for further development, with independent rights and a separate title deed already secured.andlt;br /andgt; 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.andlt;br /andgt; 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. andlt;br /andgt; With its concrete structure and brickwork completed, this property is ready for the next phase of development. andlt;br /andgt; Perfect for investors seeking a prime location investment with significant growth potential.andlt;br /andgt; andlt;br /andgt; The horizontal division for the building was completed under permit No. 530, issued on 11/09/2017. andlt;br /andgt; andlt;br /andgt; Additionally, the final approval certificate for the corresponding permit, No. 822, was issued on 27/03/2018.andlt;br /andgt; andlt;br /andgt; The asset is located approximately 785m west of Paralimni lake, approximately 55m west of Deryneia Industrial area, approximately 260m east of Deryneia-Sotiras connecting road and approximately 375m southeast of Deryneia stadium.andlt;br /andgt; andlt;br /andgt; 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.