Prime Residential Development Plot with Approved Permits for 24 Apartments

A rare, turnkey development opportunity: a generously sized residential plot with open mountain views and swift access to the coastline, the city centre, and the island’s main road network (approximately 3 km to the sea and minutes to key junction connections).

The land is fully licensed for residential development and is offered with approved building permits for a modern apartment project comprising:

• 2 residential blocks

• Total approved units: 24 apartments (18 two-bedroom and 6 one-bedroom) 

• Indicative unit sizing: one-bed apartments at around 49 m² covered area, and two-bed apartments ranging approximately 75–87 m² covered area, with verandas, storage, and allocated parking provision included in the approved layout. 

Key figures

• Plot size: 5,095 m²

• Total build area: 2,476 m²

• Price: €1,100,000 + VAT

Set within an established and fast-growing residential zone, the surrounding area benefits from a strong amenity base including schools, university access, medical services, shops, cafés, and everyday conveniences—making it ideal for either sales-led development or a high-demand rental product.

If you’re looking for an investment where the hard work is already done—permits secured, scheme defined, and location fundamentals in place—this project is ready to move forward.