Skip to main content

28,500 SQM Tourist Land for sale in Protaras, Famagusta

Protaras, Famagusta, Cyprus
28,500 SQM Tourist Land for sale in Protaras, Famagusta 272 Protaras
15000000 €15,000,000  ($16,161,912)
28,500 SQM Tourist Land
Protaras, Famagusta

€15,000,000  ($16,161,912)

Investia Estate Agents

Investia Estate Agents

Reg. No. 509/ Lic. No.255/E

You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.

BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $565,667

Average Bank Rate (€15,000,000)
1 USD = 0.8967 EUR
$16,727,579

Mid-market rate (€15,000,000)
1 USD = 0.9281 EUR
$16,161,912

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 (Τ3Ε5)

Description: Tourist Zones (Τουριστικες Ζωνες)

Coverage: 0.2

Density: 0.3

Height: 8.3 meters

Allowed stories: 2

Development description: Special Policy Statement Of Paralimni (Ειδικη Δηλωση Πολιτικης Παραλιμνiου)


Nearby planning zones

Residential: 0.14 Km

Commercial: 3.65 Km

Industrial: 2.51 Km

Agricultural: 1.75 Km

Farm: 10.85 Km

Key features

  • Listing ID: 1427008 (14392)
  • Plot: 28500 sqm
  • Title deeds

Description

An exceptional beachfront land in the picturesque area of Protaras, offering a golden opportunity for a luxurious villa development project. With its prime location overlooking the crystal-clear waters of the Mediterranean Sea, this 28,500 square meters plot presents an unparalleled canvas for creating a dreamy coastal haven.

Situated at an enviable location, the plot comes with all the necessary permits in place, allowing for the construction of a remarkable complex of 40 elegant villas. The well-designed development comprises 34 sophisticated 3-bedroom villas and 6 exclusive 4-bedroom beachfront villas, ensuring an exquisite balance between opulence and serenity.

The 4-bedroom beachfront villas, each sprawling across 301 square meters, embody the epitome of luxury living. Spanning over multiple levels, including a basement, ground floor, first floor, and second floor, these villas provide ample space for a truly lavish lifestyle. Each villa boasts three en-suite bedrooms, offering unparalleled comfort and privacy to its residents. A private swimming pool, soothing jacuzzi, and a dedicated barbecue area create the perfect ambiance for outdoor relaxation and entertainment. Additionally, a spacious parking area for three cars ensures the utmost convenience for the villa’s occupants.

Equally captivating, the 3-bedroom villas encompassing 148 square meters each, exude charm and sophistication. With well-designed layouts across the basement, ground floor, first floor, and roof garden, these villas invite residents to enjoy a seamless blend of indoor-outdoor living. Two of the bedrooms come with ensuite facilities, elevating the comfort level for the villa’s occupants. Residents can unwind in the indulgent jacuzzi or host delightful gatherings in their own private barbecue area. A two-car parking area adds practicality and convenience to the villa’s design.

For the collective enjoyment of all residents, the development features an inviting common area building that houses a range of amenities. An elegant cafeteria serves as a delightful spot for socializing over delicious treats, while a sparkling swimming pool provides a refreshing escape on sunny days. A stylish bar caters to those seeking relaxation and a touch of indulgence, and a fully-equipped gym promotes an active and healthy lifestyle.

Prospective buyers have the flexibility to choose between developing according to the already acquired permits or an awe-inspiring touristic destination with more than 8,393 square meters in covered areas. Notably, the plot is owned by an SPV, offering unique advantages.

Another option is a hotel development as follows:

Prime Beachfront Land for Sale – Perfect for a Luxury 5-Star Hotel Development
Discover an unparalleled investment opportunity with this prime beachfront plot, ideal for constructing a luxurious 5-star hotel. This exceptional property offers direct beach access and breathtaking ocean views, making it the perfect location for a high-end hospitality project.

Key Features:
Prime Location: Situated on a pristine beachfront, providing direct access to sandy shores and stunning sea vistas.
Development Potential: Ideal for a 5-star hotel with approved plans for 145 elegant suites and 77 one-bedroom apartments.
Amenities: Ample space to incorporate world-class amenities, including:
Fine dining restaurants
State-of-the-art gym
Luxurious spa
Indoor and outdoor swimming pools
Exclusive shops
Accessibility: Strategically located with easy access to major transportation routes, attracting both leisure and business travelers.
Surroundings: Set in a picturesque environment, offering tranquility and natural beauty that enhances the guest experience.
Envision a prestigious beachfront hotel that stands as a beacon of luxury and relaxation, attracting discerning guests from around the globe. This land offers the perfect foundation for creating a premier destination, promising significant returns and a lasting legacy in the hospitality industry. Don’t miss this rare chance to develop a landmark property in a highly sought-after coastal location.

NO VAT NO TRANSFER FEES
MAIN INFORMATION
Region Famagusta
District Protaras
Location Centre
Sale price € 15.000.000
DETAILS
Plot size 28500 m2

Buying expenses

Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.

Stamp Duties
If buying as an individual
€29,908 ($32,224)
If buying on joint names
€29,908 ($32,224)
Transfer fees
If buying as an individual
€596,600 ($642,813)
If buying on joint names
€593,200 ($639,150)

Disclaimer - Property reference 1427008. 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.

We SOLD 2760 properties in Protaras and nearby areas! We know our local area and we can sell your property in record time and for the best price.