Buildings - Ref. No. 52907
For Sale €27,000,000
€27,000,000 For Sale
Ayia Napa Famagusta
Buildings Resale
136 Bedrooms
- Covered
34637m² Plot


Property Features

Air Conditioning
Barbeque Area
Communal parking (uncovered)
Communal swimming pool
Elevator
En suite bathrooms
Guest toilet
Investment Oportunity
Private outside space
Private parking (uncovered)
Security Alarm


Description

Located in the sought-after area of Ayia Napa, Famagusta, this 3-star Beach Tourist Village presents an excellent investment opportunity with significant potential for redevelopment and expansion. The property currently comprises 136 accommodation units, including 76 one-bedroom apartments and 60 studios, offering established tourist accommodation on a sizeable plot. Planning permission has already been obtained for the conversion into a 4-star hotel with a total capacity of 250 rooms. Furthermore, the increased planning zone allows for the potential development of up to 440 hotel rooms, providing substantial scope for a larger-scale hospitality project. Combining an existing operational accommodation layout with considerable development potential, this property represents an attractive opportunity for investors seeking to establish or expand their presence in the Ayia Napa tourism market.