Property 8560 Pegeia, Paphos / LIM-PAF-3926
This Unique Square Shape Plot Of Land Located In The Tourist Resort Area Of Pegia, Paphos, Appeals To Be A High Return Choice For A Potential Strategic
For Sale • Deal
4,900,000€
Estimated Mortgage
/month
11372
Plot m2
Overview
Property Description
This unique square shape plot of land located in the tourist resort area of Pegia, Paphos, appeals to be a high return choice for a potential strategic investor in Paphos, Cyprus. With a size of 11,372 sq.m, a building density of 45% + 20% (Cyprus Gvt Incentives for tourist investments), a coverage ratio of 20%, and flexible floor allowance, this land offers the opportunity to take advantage of the bonus building density for erecting a luxury 4 star hotel. Paphos attracts the great majority of the country's incoming tourism, with more than 40% of tourists choosing Paphos as their destination. The Paphos district enjoys the first place in absolute numbers of 5 and 4 star hotels due to the high quality of tourism attracted, which is attributed to the holiday resort and the spectacular countryside nearby.
This is a unique investment opportunity for buying strategically positioned land to erect a 4 star hotel in the cosmopolitan holiday resort tourist area of Pegia, Paphos.
Property Highlights
Garden
Location
Click to see the location
26.98 kms
99.87 kms
26.98 kms
99.87 kms
Transfer Fees
Transfer Fees Individual
192,600 €
Transfer Fees Joint Names
189,200 €
Stamp Duty
9,708 €