Beachfront Investment Opportunity

Famagusta

€ 22,000,000

28,500 m2 Area
50% Build

Property Ref: #13191

Property Description

Exceptional 28,500㎡ beachfront development opportunity in Protaras, offering a rare location close to Cape Greco, Protaras and Ayia Napa. The proposed concept combines a 5 star hotel with 202 rooms and a residential component of 41 three bedroom apartments. The development is planned to include three swimming pools, landscaped leisure areas, restaurants, a beach club, gym and spa facilities, roof bar, as well as dedicated parking and storage areas. Mimosa Beach is within walking distance, while the surrounding area offers some of Cyprus’ most attractive coastal and natural landmarks. With its substantial land size, beachfront setting and proposed luxury hotel and residential development, we presents a significant opportunity for investors or developers seeking a large-scale premium project in one of Cyprus’ leading coastal destinations.

Property Features

Type

Plot

Status

Resale

Area

28,500 m2

Build

50%

Cover

25%

Even More Info

Accessibility Road

: Asphalt

Street Level

: Same

Surface

: Flat Level

Title Deed

Plans

Location

Protaras, Famagusta

CURRENT ASKING PRICES PRICES IN PROTARAS

AVERAGE PRICES TODAY

Flat Price
€ 874,118
House Price
€ 1,329,541
Residential Plot Price
€ 22,000,000

% PROPERTY TYPES

67 % Houses
3% Plots
31% Flats

% BEDROOMS

3% 1 Bed Flat
19% 2 Bed Flat
9% 3 Bed Flat
25% 3 Bed House
25% 4 Bed House
19% 5 Bed House

AVERAGE PRICES BY NUMBER OF BEDROOMS

1 Bed Flat
€ 530,000
2 Bed Flat
€ 620,000
3 Bed Flat
€ 971,766
3 Bed House
€ 769,250
4 Bed House
€ 1,225,625
5 Bed House
€ 1,355,000

PRICE RANGE

Flats:
€ 289,000 - € 2,450,000
Houses:
€ 470,000 - € 5,320,000
Residential Plots:
€ 22,000,000 - € 22,000,000