Excellent for development now or an investment for the future
£25,000 GBP Per Donum
Excellent opportunity to purchase this large plot of land measuring 7.5 donums or
2.5 English acres of prime development land in the up and coming area of Otuken.
This piece of land has 35% build permission and would be ideal for an investor who
wishes to build a small complex of luxury 2 floor villas. The immediate area has
already been developed with holiday and permanent homes by one of North Cyprus’ leading
builders, so this plot is ripe for development. Electricity and water facilities
are both available on site. The land is situated with a side road passing alongside
it which leads onto the main road used to access Famagusta. This land is located
only a ten minutes drive away from the historical city of Famagusta and just 35minutes
away from Ercan airport, or 1 hour from Larnaca.
Formerly known as Famagusta. The city lies to the east of the island close to the
North Cyprus and South Cyprus. The region itself has some excellent sandy beaches
along its long coast line.
With the confidence in North Cyprus being clearly demonstrated by people who rarely
get it wrong, it is in our opinion possibly one of the best investment options currently
available in the Mediterranean. Land is especially expected to rise in value making
this a proposition worthy of serious consideration. A tract of land of this size
will have both residential and touristic potential.
Pure Investment “Buy land, they don’t make it anymore”
This quote from Mark Twain was as true in his day as it is today and many people
are buying land in North Cyprus for investment purposes. There are no complicated
concepts that investors need to understand with land, just that there is an ever-increasing
demand for building and a restricted supply of plots for sale. Land prices have risen
faster than equivalent house prices.
Traditionally land area in Cyprus was measured in Donums. This can be confusing to
anyone new to the country. So to help we have conerted them to more familiar units
of measurement for you
1 Donum 1338 square metres (one third of an English acre, so 3 donums = one acre)
1 Evlec 334.45 square metres (there are 4 evlecs to one donum)