Land In Pegeia Paphos Cyprus

  • Peyia, Paphos
  • Ref: L-100273
€4,900,000+VAT
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Property details

  • Property type: Field
  • Plot area: 11,372 m²
  • Title deed: Yes

Planning zones

Zone Cover factor Build factor Max height Max floors Affected percentage
t2b 20% 45% - 3 -

Property description

This unique square shape plot of land located in the tourist resort are of Pegia, Paphos, appeals to be a high return choice for a potential strategic investor in Paphos, Cyprus.11.372 sq.m, building density: 45% + 20%( Cyprus Gvt Incentives for tourist investments), 20% coverage ratio, and flexible floor allowance so as to take advantage of the bonus building density, for erecting a luxury 4 star hotel.Paphos, attracts the great majority of country's incoming tourism, more than 40%.  Paphos district, enjoys islands' first place in absolute numbers of 5 and 4 star hotels due to the high quality of tourism attracted, attributed to the holiday resort and the spectacular countryside nearby characteristics.Unique investment opportunity for buying strategically positioned land to erect a 4 star hotel in the cosmopolitan holiday resort tourist area of Pegia, Paphos.

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