9,341 SQM Residential Land for sale in Frenaros, Famagusta

Looking for a prime development opportunity in a desirable location? Look no further than this incredible 92.6% share of a residential field in the charming town of Frenaros, Famagusta. This property boasts an enviable location adjacent to a registered road and is covered from all utility services, providing a convenient and accessible base for any development project. Planning permits for the construction of eight residential houses and the division of the field into six plots were previously obtained, although both permits are expired, providing a blank canvas for you to create your dream project. The town planning zone is residential, with a building density of 90%, coverage ratio of 50%, max floors of 2, and max height of 8.30m, providing a wealth of possibilities for any ambitious developer. A distribution agreement with the co-owner is also in place, ensuring a smooth and efficient development process. The wider area is characterized by residential buildings with apartments and detached and semi-detached houses, providing a desirable and sought-after location for any potential homeowners. Don't miss out on this fantastic opportunity to create something truly special in this stunning part of the world.