An exceptional investment opportunity in the heart of Protaras at the famous Fig Tree Bay Beach, offering a total land area of 2,977 sq.m with a net plot area of 2,346.85 sq.m in one of Cyprus’s most sought-after coastal destinations. Positioned close to award-winning beaches and key amenities, the property presents outstanding potential for a mixed-use hospitality and residential development.

The land allows for the construction of a four-star hotel with up to 24 rooms, ideally suited to benefit from the area’s strong year-round tourism demand. In addition, the development may include either four detached houses of approximately 150 sq.m each or five two-bedroom apartments of approximately 100 sq.m each, creating a balanced project with multiple revenue streams through hotel operations, property sales, or long-term rentals.

An existing building of approximately 900 sq.m is already situated on the property. This building is constructed but not operating so it can’t be used immediately, could be demolished or renovated and may be incorporated into a future development, offering valuable flexibility along with potential savings in time and construction costs.

Located in a high-demand coastal area with limited availability of prime seaside development land, the property combines excellent long-term capital appreciation prospects with strong investment fundamentals. Protaras continues to attract international buyers and visitors thanks to its beautiful beaches, established infrastructure, and growing lifestyle appeal.

For additional convenience, there is also the option to acquire the shares of the company owning the property, allowing for a potentially streamlined acquisition process. The property benefits from issued title deeds, ensuring security and transparency of ownership.