Development Opportunity: 2 Plots with Lisence of 16 Flats on 2 Plots in Paphos (7766)

An exceptional investment opportunity awaits with these two adjoining plots in the vibrant municipality of Paphos. Priced at €1,250,000, the plots are ideally situated for the development of a residential project featuring 16 two-bedroom flats.

The first plot, measuring 514 m², is categorized as (land) under the local development plan of Paphos and is in the "Κα3" zone. This residential zone allows for a building density of 140% and a coverage of 50%, with a maximum height of 13.5 meters across three floors.

The second plot, spanning 446 m², is categorized as under the "Εβ4" zone. This commercial and mixed-use zone permits a building density of 140% and a coverage of 50%, with the possibility of constructing up to four floors with a maximum height of 17 meters.

Both plots are accessed via registered roads and feature a regular shape with standard views and surroundings. The first plot is located at street level, while the second plot is corner-advantaged, offering additional visibility and access.

These plots provide an outstanding foundation for a residential development project, situated in a dynamic area of Paphos with good access to local amenities. With no environmental obstacles or nuisances, these plots are ideal for developers looking to capitalize on a high-demand residential market.

Seize this opportunity to create a desirable residential complex in one of Paphos's thriving neighborhoods.