Description
This prime piece of tourist land in Protaras offers an exceptional investment opportunity, located just steps from the beach in one of Cyprus’s most sought-after coastal destinations. Spanning 4,382 m2, the property is ideally suited for a development project that caters to the high demand for vacation and leisure accommodations in the area.
With a building density of 50% and a building coverage of 25%, the site allows for substantial construction potential while maintaining ample open space for landscaping, amenities, or leisure facilities. The zoning permits a maximum building height of 13.5 meters, accommodating up to three floors, making it suitable for a boutique hotel, luxury villas, or a high-end apartment complex.
The land benefits from direct road access, enhancing connectivity and ease of development. Its close proximity to the shoreline offers the added appeal of sea views and direct access to the crystal-clear waters for future residents or guests. Whether for a private resort, serviced apartments, or a mixed-use tourism project, this land presents an excellent opportunity to invest in the growing hospitality market of Protaras.
*Price excludes VAT.
PROTARAS
Protaras is a popular coastal resort town located on the southeastern Cyprus, known for its stunning beaches, crystal-clear waters and relaxed atmosphere. It is a part of the Famagusta District and is always considered one of the best destinations for family vacations and beach holidays in Cyprus. While quieter than its neighbour Ayia Napa, Protaras offers a range of restaurants, bars, and cafes. Evening entertainment often includes live music, cultural performances and family-friendly activities. Visitors can enjoy traditional Cypriot cuisine, fresh seafood and international dishes. This town is a hub for water sports, including snorkelling, scuba diving, jet skiing and parasailing. The clear waters make it an excellent location for underwater exploration.
- Principal and Interest
- Property Tax
- HOA fee
