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Land for Sale in Pentakomo, Limassol, Cyprus

14,538m² Beach Front Land in Governor's Beach

Property type:
Land
Property size:
14538 m2
Furnish Status:
Non-furnished
Parking:
No
Stage:
Any
‎‎€ 8,700,000.00
Price per square meter
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Location

Map
Pentakomo, Limassol, Cyprus

Description

Exclusive Land of 14,538m² located on the first line of the sandy beaches of Governors Beach, around 10km east of Limassol and approximately 44km from the International Airport of Larnaca. Governor's Beach is one of the most popular coastal areas of the island and a Blue Flagged Beach, and is characterized by chalk white rocks that extend into the deep blue sea.

The Land has direct access to the beach with a frontage of 60m being an exceptional opportunity for either a resort or multiple unit development project.

The Property falls within the touristic development zone with 50% Building Density Coefficient, 25% Building Coverage Coefficient, over 3 Floors and 13.1m height.

The Property has secured a Permit for the development of a luxurious mixed hotel/residential Project, comprising the following:
- Luxury hotel with 94 guest rooms of a total area of 6.440 m² with breath taking views from all the hotel rooms. All the areas needed to accommodate a luxury hotel including restaurants, conference rooms, treatment rooms and swimming pools. The hotel has a potential expansion to the adjacent and opposite plots which are currently empty.
- 12 Residential Apartments right on the beach separately and autonomously from the hotel with a total closed up area 1.392 m² and extra areas (verandas, paved areas, stores) of 1.136 m². This independent building will be benefiting from all the beach advantages and at the same time keeping apart the residential part from the hotel part.
- A beach restaurant of 785m² which can be offered on a leasehold basis. This restaurant is part of the seashore zone as described in the 'Statement of Policy' of the republic and can only be assigned to the user as part of a lease agreement.

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‎‎€ 8,700,000.00
Price per square meter
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