€22,000,000
Prime Seafront Residential Land in Protaras Area with Architectural Plans for 40 Luxury Villas
Famagusta, Protaras
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Overview
Reference 11513
Plot:28500m²
This Land presents an exceptional beachfront investment opportunity in the beautiful area of Protaras, offering stunning views of the Mediterranean Sea. The plot covers a total area of 28,500 m² and comes with approved permits for the development of 40 luxury villas, consisting of 34 three-bedroom villas and 6 four-bedroom beachfront villas.

The four-bedroom villas offer 301 m² of covered space, featuring en-suite bedrooms, private swimming pools, jacuzzis, BBQ areas, and parking for three cars. The three-bedroom villas offer 148 m² of covered space, including en-suite bedrooms, roof gardens, private jacuzzis, BBQ areas, and parking for two cars.

The development also includes communal facilities such as a swimming pool, cafeteria, bar, and fully equipped gym. Investors have the option to proceed with the existing approved villa development or explore an alternative tourism project offering over 8,393 m² of covered areas, subject to the necessary approvals. The property is owned by a Special Purpose Vehicle (SPV), offering an attractive investment structure.

With its prime beachfront location and excellent development potential, it represents a unique opportunity for a luxury residential or tourism project in one of the most desirable coastal areas of Cyprus.While providing a tranquil waterfront setting, the location remains conveniently close to amenities throughout Protaras. Daily shopping, coastal dining, and essential neighborhood services are all within comfortable reach, harmonizing relaxed shoreline living with everyday convenience.

Take the next step toward realizing the full potential of this distinguished coastal property by connecting with the team at CIC Properties today.
Features
  • Connected to electric mains
  • Easy access to main roads
  • Investment opportunity
  • Near amenities
  • Prime land
  • Quiet area
  • Sea front
  • Sea view
  • Walking distance to beach
Distances
Amenities: 750 m
Airport: 64.7 km
Currency
Agent
Christakis Leonida
Christakis Leonida Manager ckostas@cynvestco.com
Contact
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