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2,977 SQM Tourist Land
Protaras, Famagusta

€3,000,000  ($3,462,920)

Akti Homes

Akti Homes

Reg. No: 1281 / Licensed No: 656/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $121,202

Average Bank Rate (€3,000,000)
1 USD = 0.8370 EUR
$3,584,122

Mid-market rate (€3,000,000)
1 USD = 0.8663 EUR
$3,462,920

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Planning Zone

Tourist (Τ1Ε6)

Description: Tourist Area (Τουριστικη Ζωνη)

Coverage: 0.7

Density: 0.6

Height: 10 meters

Allowed stories: 2

Development description: Local Plan Of Paralimni, Ayia Napa, And Deryneia (Τοπικο Σχεδιο Παραλιμνιου. Αγιας Ναπας Και Δερυνειας)


Nearby planning zones

Residential: 4 Km

Commercial: 3.5 Km

Tourist: 0.07 Km

Industrial: 2.12 Km

Agricultural: 1.88 Km

Farm: 10.79 Km

Key features

  • Listing ID: 8445468 (1728)
  • Plot: 2977 sqm
  • Prime Location
  • Walking Distance to Fig Tree Bay
  • Walking Distance to Amenities
  • Easy access to main roads
  • Investment opportunity
  • Municipal water/sewage
  • Near amenities
  • Near bus route
  • Panoramic view
  • Sea view

Description

A rare development opportunity in one of Protaras’ most desirable locations, just steps from world-famous Blue Flag beaches, including Fig Tree Bay. Situated in the heart of the touristic zone, the plot enjoys year-round demand and immediate access to restaurants, cafes, and leisure amenities.

The property spans a total area of 2,977 sq.m, with a net plot area of 2,346.85 sq.m, offering significant development potential in a high-demand coastal setting. Its size and prime location allow for a well-balanced mixed-use development that combines hospitality and residential elements within a single project. The land permits the construction of a four-star hotel with up to 24 rooms, designed to capitalize on the area’s strong and consistent tourism demand, alongside a residential component that may include either four detached houses of approximately 150 sq.m each or five two-bedroom apartments of approximately 100 sq.m each. This combination creates a highly attractive development model, enhancing overall project value while allowing for diversified income streams through both hotel operations and residential sales or rentals.

An existing building of approximately 900 sq.m is already situated on the land and can be utilized or incorporated into a future development, offering potential time and cost efficiencies for the buyer. This added element further enhances the overall value of the property and provides additional flexibility when planning a new project.

Zoning Area Plot Percentage Building Density Coverage Floors Height

T1e 100% 0.5 .25 3 13.5


Issued title deeds, optional company share acquisition, and a prime coastal location make this an outstanding investment opportunity in one of Cyprus’ most sought-after resort destinations.

Advertised by Aktihomes

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€116,600 ($134,592)
If buying on joint names
€113,200 ($130,668)

Disclaimer - Property reference 8445468. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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