€ 2 400 000

+ VAT

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.

A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

Land in Protaras, Ammochostos, Cyprus No. 35782

Parameters

Property Description

Explore a truly unique plot of land nestled in the heart of the Protaras area!

This prime location is just a few minutes' walk from the renowned Fig Tree Bay, offering easy access to a plethora of amenities, including restaurants, shops, pubs, and hotels—all within arm's reach.

Due to its exceptional location, this plot of land presents a promising investment opportunity. Whether you envision private villas or apartments, or a boutique hotel the choice is yours, tailored to meet the demands of the area.

The plot is within T1ε5 Zone and offers the following options:
- Residential development - Building Density at 30% with 25% Coverage, 2 floors allowed up to 10 meters.
- Development of a hotel - Building Density at 50% with 25% Coverage, 3 floors allowed up to 13.5 meters.
- Development of holiday resort, villas, apartments - Building Density at 40% with 25% Coverage, 2 floors allowed up to 10 meters.

We highly recommend scheduling a viewing to fully appreciate the potential of this exceptional property.