A rare opportunity to invest in a licensed plot of land for the construction of a 4* hotel with 5* standards in a very popular coastal area that attracts a lot of investment!
The plot is located in the heart of the resort area of Perner. The total land area is 8,658 m2. Just a few minutes walk away are sandy beaches, a variety of amenities, a new promenade for pleasant walks to the lively resort of Protaras, a new marina of Protaras and much more!
The site is located in the zone τ1στ1 (71%) and the zone τ1ε3 (29%), which allows the following development options:
The construction of the hotel - building coefficient of 50%, coverage of 25%, allowed 3 floors to 13.5 meters.
Construction of a tourist complex, villas, apartments - a building coefficient of 40%, coverage of 25%, allowed 2 floors to 10 meters.
Construction of residential villas - building coefficient 30%, coverage of 25%, allowed 2 floors to 10 meters.
The key idea of the investment is the creation of a unique romantic boutique hotel designed by recognized professionals in the field of architecture, tourism consulting and interior design.
The new hotel complex will be distinguished by exceptional and aesthetic architecture, unique character and will provide guests with an individual service of a high level, so that everyone can feel a genuine, unique and multifaceted atmosphere of recreation.
According to the existing plans, 98 rooms are provided, of which 10 are suites with direct access to the pool, as well as: reception, lobby and bar, luggage storage, administrator offices, an exquisite restaurant by the pool, an informal restaurant, a pool bar, a large outdoor pool, a wedding gazebo for small ceremonies, areas for wellness procedures, including 10 spa rooms, and much more. The uniqueness of the project - all rooms are located around the pool, most have direct access to water.
Vendors are ready to actively participate in project management, offering extensive experience in international tourism and management. They have been working in the tourism sector and other private businesses for over 20 years, enabling them to make a meaningful contribution.
There is a full market estimate from a trusted R.I.C.S. company, as well as financial forecasts and architectural drawings.
Currently, there are 23 renovated apartments and four retail spaces on the site, generating annual income of 150,000 euros. Thanks to the recent renovation of the retail premises, revenue could be increased by another 20,000 euros. This creates an excellent opportunity for investors to increase the attractiveness of the property by adding amenities such as a swimming pool and entertainment areas, while preparing for further development of the remaining land. In the future, it is possible to build a large hotel or luxury villas, which promises an excellent return on investment.
Due to the advantageous location and the growing interest of investors in Cyprus, the buyer has the opportunity to build and sell in advance or rent out objects by the sea. Renting luxury holiday villas in the area is in very high demand.
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