For Sale : Plot in Protaras - €3,000,000

Seaside Development Plot

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, cafés, 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.