This prime development plot is positioned 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. Located in the heart of the resort’s touristic zone, the property benefits from excellent accessibility and strong year-round appeal, surrounded by established restaurants, cafés, amenities and leisure facilities that contribute to the vibrant coastal lifestyle for which Protaras is renowned.
The land spans a total area of 2,977 sq.m, with a net plot area of 2,346.85 sq.m, providing substantial development potential in a highly sought-after coastal setting. Its size and strategic location create the opportunity for a well-balanced mixed-use project combining hospitality and residential elements. The permitted development includes a four-star hotel of up to 24 rooms, offering the potential to benefit from the area’s established tourism demand, together with a residential component comprising either four detached houses of approximately 150 sq.m each or five two-bedroom apartments of approximately 100 sq.m each.
This combination offers flexibility in shaping a development strategy around both hospitality and residential uses, creating the potential for diversified income through hotel operations and residential sales or rentals. An existing building of approximately 900 sq.m is already situated on the land and may be utilised or incorporated into a future development, potentially providing additional flexibility and opportunities for greater efficiency in the planning process.
The property’s location in one of Cyprus’ most established coastal destinations further enhances its investment appeal. Protaras benefits from sustained international demand, a mature tourism infrastructure and the enduring popularity of its beaches and seaside lifestyle. The limited availability of substantial development plots close to the sea adds further significance to this opportunity.
For additional convenience, there is also an option to acquire the shares of the company that owns the land, providing an alternative acquisition structure. The property benefits from issued title deeds, offering clarity of ownership. With its substantial size, permitted mixed-use potential, existing building, proximity to renowned beaches and highly established location, this represents a rare opportunity to secure a significant development asset in one of Cyprus’ most sought-after coastal destinations