Description

This prime residential plot is strategically located in Paralimni, Cyprus, in a well-established and rapidly developing area just behind the District Court. Offering excellent accessibility and outstanding development potential, the property represents a compelling opportunity for developers and investors looking to capitalize on one of the Famagusta District's most dynamic residential markets. With a total land area of 1,828 sqm, the plot provides ample space for the development of a modern residential project. Based on a development study, the site has the potential to accommodate a three-storey residential building comprising 20 apartments, including 2 one-bedroom apartments, 15 two-bedroom apartments and 3 three-bedroom apartments. The proposed apartment mix has been carefully planned to appeal to a broad range of buyers and tenants, making it well suited for both owner-occupier and investment markets. The plot enjoys an excellent location that combines everyday convenience with the relaxed lifestyle of Cyprus' eastern coastline. Residents would benefit from immediate access to a wide range of amenities, including supermarkets, restaurants, cafes, schools, pharmacies and medical centres, all located within a short distance of the property. At the same time, some of the region's renowned Blue Flag beaches are only a short drive away, offering crystal-clear waters and a vibrant coastal lifestyle throughout the year. Paralimni continues to experience strong residential growth, driven by increasing demand for high-quality housing, expanding infrastructure and its close proximity to Protaras, Ayia Napa and the upcoming Paralimni Marina. This combination of urban convenience and coastal appeal has established the area as one of Cyprus' most attractive locations for both permanent residents and property investors. Combining substantial development potential, a well-balanced residential concept and an exceptional location close to both everyday amenities and the coastline, this plot represents an outstanding opportunity for developers seeking to create a modern apartment development in one of Cyprus' fastest-growing and most desirable residential destinations.