Licensed Plot for 4-Star Hotel Development in Pernera
€7,000,000
8,658 m²
plot
Land
property type
1 week ago
listed
The Habio take
AI summaryThis investment opportunity features a licensed plot in Pernera, suitable for the development of a 4-star hotel with 5-star standards. Located just minutes from sandy beaches and vibrant amenities, this coastal area is poised for high-demand tourism and rapid growth.
- coastal
- investment
- luxury
- beach
Highlights
- Licensed for hotel or residential development
- Highly sought-after coastal location
- Potential for high investment returns
- Current income generation from existing rentals
- Proximity to beach and amenities
- Opportunities for luxury villa rentals
Worth knowing
- Development restrictions based on zoning areas
- Initial investment required for land and construction
- Construction timeline may affect income generation
Good fit for: Ideal for investors looking to capitalise on Cyprus's growing tourist market.
Lifestyle scores
- Beach
- 90
- Walkable
- 80
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 70
- Investment
- 85
- Luxury
- 75
- Value
- 65
About this place
This prime plot in the popular tourist resort of Pernera, Cyprus, spans 8,658 m² and is licensed for the development of a 4-star hotel offering 5-star standards. It boasts an advantageous central location just a short walk from stunning sandy beaches, a new promenade, Protaras Marina, and numerous local amenities.
Permitted developments on the site include a hotel with a density of 50% and up to 3 floors, a touristic resort with villas and apartments at 40% density, or residential villas with a density of 30%. The proposed hotel would feature 98 rooms, including 10 swim-up suites, a large outdoor swimming pool, wellness treatment areas, dining options, and unique romantic boutique offerings, all designed by experienced professionals.
Currently, the plot contains 23 renovated apartments and four retail units, generating an annual income of €250,000. There is significant potential for further development to enhance the property, achieve superior market positioning, and address the high demand for luxury holiday rentals in the area. This investment is accompanied by necessary market valuation, financial projections, and architectural plans, making it a compelling opportunity in Cyprus's thriving real estate sector.
What this place offers
- plot size 8658 m²
- sea view
- walking distance to beach
- near amenities
- near public transport
- connected to electric mains
- easy access to highway
- easy access to main roads
- municipal water/sewage
- near bus route
Where you’ll be
Pernera, Famagusta, Cyprus
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Cyprus
The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.
Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.
Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.
Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio
Always check the latest legal requirements and fees.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
