Property 25797 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 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.