Bazaraki
Property 6230999
Famagusta · EUR 3,000,000 · Unknown type
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, cafés, 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
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