Description

This prime development plot is located in one of the most desirable areas of Protaras, within walking distance of some of Cyprus' most celebrated Blue Flag beaches, including the iconic Fig Tree Bay. Positioned in the heart of the resort's touristic zone, the land enjoys exceptional accessibility and year-round appeal, surrounded by established amenities, restaurants, cafes, and leisure facilities that define the vibrant coastal lifestyle of Protaras. 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 capitalise 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 utilised 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. Located in one of Cyprus' most established and popular coastal destinations, the land benefits from sustained international demand, limited availability of prime plots near the sea, and the enduring appeal of Protaras as a tourism and lifestyle hub. The proximity to award-winning beaches and the town's well-developed infrastructure ensures strong long-term value and attractive investment prospects. For added convenience, there is also the option to acquire the shares of the company that owns the land, allowing for a streamlined acquisition process. The property benefits from issued title deeds, offering clarity and security of ownership to prospective buyers. Overall, this represents a rare opportunity to secure a substantial development plot in a premium coastal location, combining legal transparency, strong market fundamentals, and exceptional potential for a mixed-use residential and hospitality development in one of Cyprus' most sought-after seaside destinations.