Land, For Sale

The property is a touristic plot located in Agia Napa, Famagusta.

It measures about 14,172 sqm and falls into residential zone T6 (E1) with building density 25% for villas 30% for hotel, coverage 20%, maximum height 13,5m (for hotel) and maximum floors 2 for villas – 3 for hotel.

The property is situated close to amenities and services and it has easy access to the centre and the motorway.

Ideal for investment, this plot can be utilized in 4 different options. First option by developing 12 luxury villas of average 300 sq.m each in their own individual plot area of approximately 1000 sq.m, the second option can be a 4-star hotel that will offer 110 rooms. As a third option, a 5-star hotel with 100 rooms can be developed and as a fourth option, a combination of a 5-star hotel of 50 rooms together with 23 2-bedroom apartments.