Değirmenlik Land with Unlimited Floor Permission

Ready for Delivery | Mortgage Eligible

This strategic plot of land located in the Nicosia (Lefkoşa) Değirmenlik area is situated on the main transportation lines of Northern Cyprus. Suitable for both commercial and residential projects, the parcel offers high development potential to its investor.

Location Highlights:

- Strategic Junction: A central location providing rapid access to the center of Nicosia and the Ercan Airport axis.

- Commercial Development Line: A high-demand region that is constantly gaining value due to the increase in logistics and construction in the area.

Property Features:

- Zoning Advantage: Rare legal infrastructure suitable for vertical construction with unlimited floor permits under Chapter 96.

- Efficient Area: Opportunity for high construction density with a total large surface area of 624 square meters.

Investment Verdict:

Lands with Chapter 96 permits in the Değirmenlik region are in a category where supply is very limited. While the unlimited floor permit optimizes construction costs per square meter, it maximizes the total value and rental yield of the project.

ROI: Estimated Annual Rental Income £4,550 (7 percent)