#4576
For Sale, Touristic Plot in Agia Napa, Famagusta
#4576
For Sale, Touristic Plot in Agia Napa, Famagusta
14,172m²
30%
20%
Property Description
The property is a touristic plot located in Agia Napa, Famagusta.It measures about 14,172 sqm and falls into residential zone T6 (E1) with building density 25% for villas 30% for hotel, coverage 20%, maximum height 13,5m (for hotel) and maximum floors 2 for villas - 3 for hotel.
The property is situated close to amenities and services and it has easy access to the centre and the motorway.
Ideal for investment, this plot can be utilized in 4 different options. First option by developing 12 luxury villas of average 300 sq.m each in their own individual plot area of approximately 1000 sq.m, the second option can be a 4-star hotel that will offer 110 rooms. As a third option, a 5-star hotel with 100 rooms can be developed and as a fourth option, a combination of a 5-star hotel of 50 rooms together with 23 2-bedroom apartments.
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Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.