Property 5296 Pernera, Famagusta / G-120569

A rare opportunity to invest on a licensed piece of land to develop a 4* Hotel with 5* standards in a highly popular area that attracts several investments! Located in the center of the tourist resort of Pernera area the land totals at 8658m2, just a few minutes' walk to the sandy beaches, numerous amenities, the new promenade for amazing walks to the bustling resort of Protaras, the new Marina and so much more! The investment's central theme proposes a unique creation of a romantic boutique hotel designed by well recognized professionals in architecture, tourism consulting and interior designing. The new hotel unit will stand out for its exclusive and high level aesthetics, its distinctive character and will provide high quality personalized services so that guests live an authentic, unique and diversified experience of stay. According to the existing plans, with 98 rooms of which 10 are swim up suites, along with Reception, Lobby & Bar, Luggage Room, Mgt Offices, Fine Dining pool side restaurant, Casual restaurant, Pool Bar, large outdoor swimming pool, Wedding gazebo for small ceremonies, Wellness treatment areas including 10 Spa rooms and more. A very unique design features all rooms surrounding the swimming pool, and most of them having direct access to it.

Conveniently, the Vendors are willing to participate further and be directly involved in the management. They are experts on International Tourism and Management, International Marketing & Finance with over 20 years work experience in the tourism industry and other private businesses. A full market valuation from a highly reliable R.I.C.S firm as well as financial projections and architectural drawings are available. Within this plot there is already a block of apartments and four shops which generate an annual income of 150,000 euro.

Due to its prime location and continuous rising of investors in Cyprus, the purchaser also has the option to build seaside properties to sell or rent. Luxury Holiday villa rentals are on very high demand in that specific area.