Protaras, Famagusta €1,100,000

3315m² Plot of Land For Sale in Protaras with Land Deeds

This large plot of untouched land is located in the popular tourist resort of Protaras, just a short walk to the bars, shops and restaurants. The plot is a rectangle shape with main road access from the front and a dirt track access to the rear. The front half of the land is tarmaced and is currently used as a car park and the far end is a mixture of small tress and shrubs. With the current building permissions it is expected that several homes could be built on nice size spacious plots. The cost for a build, to an energy efficient standard, would be approximately €1200 per m². Example: a family home of 120m² would cost €144,000.

- Plot size 3315m²

- Planning zone T3ε5 - Tourist Land

- Build density 30%

- Coverage 20%

- Height 8.3m

- The current building permissions are due to be revised and expected to be increased in 2021

- Road access

- Water and electricity accessible

- Building costs approx €1200 per m²

- 2 minutes to the local shops and amenities

- 5 minutes to the nearest beaches

- 55 minutes to Larnaca International Airport

- Subject to VAT

Protaras

Protaras is a popular tourist resort, well known for its beautiful golden white sandy beaches, especially Fig Tree Bay with its old lone fig tree, and clear sky blue waters. A beautiful purpose built coastal boardwalk links Protaras to adjoining resorts, secluded coves & beachside tavernas & cafes. To the northwest, atop a rock, you will find the limestone Church of Profitis Ilias (Agios Elias) with breath taking views across the bay. There is a wide choice of hotels & self catering accommodation with a vast selection of restaurants, traditional tavernas, bars & coffee shops, making this a great area for investment for the tourist market.