15887m2 Land in Coral Bay, Pegeia, Paphos, Cyprus No. 14731
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![15887m2 Land in Coral Bay, Pegeia, Paphos, Cyprus No. 14731](https://storage1.cyprus-real.estate/static/p/7pyv1a9qdonpwaiee/blyw68m2lhlyhm21/ff037422537f6b007b0910ecfedcca37_890x440.jpg)
ID14731
€ 4 400 000
- EUR €
- USD $
- RUB ₽
- GBP £
- TRY ₺
Property description
Coral Bay is a popular tourist resort in the Peyia municipality 6 km North of the city of Paphos.The coast to the north and to the south of Coral Bay is characterized by rocky headlands and sea caves, Coral Bay itself is a 600m crescent of soft white sand, enclosed by a pair of limestone headlands.
Coral Bay beach carries an EU Blue Flag certification which means that it adheres to all standards, rules and regulations required by the relevant committee of the European Union.
The broader area of Coral Bay encloses another beach called Potima Bay. It is situated about 1.5 km / 1 mile away bordering the boundaries of Kissonergaa village.
Coral bay is a very popular tourist resort destination, with many restaurants, tavernas, and cafes, it appeals to families visting from all over the world, however mainly from the UK, Germany, Russia, Jordan and Israel.
Touristic parcel of land
Size 15,887 m2
45% building density
20% coverage ratio
3 floors
Can build 32, three bedroom villas of 130m2 + verandahs
Contact the seller
Price
- Price
- per m²
€ 4 400 000
- EUR €
- USD $
- RUB ₽
- GBP £
- TRY ₺
Offer your price
From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:
- The purchase is made by an individual, not a legal entity.
- The buyer is not going to rent out the acquired property.
- This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.