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Altamira Real Estate: Three beachfront parcels of land ideal for tourist development

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Altamira Real Estate: ΤρΙα παραλια κεμχια ιδκγια τορι στικor αναπτυξη

Enticing investment opportunities with coastal parcels of land that enjoy road access and can host a variety of tourist developments, presents Altamira Real Estate.

These are three large plots in the areas of Neo Chorio Paphos, Mazotos and Ormideia, which attract the interest of local and foreign visitors, especially during the summer months. They offer idyllic sea views and are sold at prices starting from €247,000, as whole shares, which gives the potential investor complete control of the property.

Altamira Real Estate: ΤρΙα παραλια κεμχια ιδκγια τορι στικor αναπτυξη

Given the growing demand but also the lack of supply of similar opportunities, these properties are unique investment proposals with return prospects of over 7%. It is also worth noting that the large areas of the properties, ranging between 5,471 sq.m. up to 8,220 sq m, give prospective buyers flexibility in terms of architectural design, as they offer multiple development possibilities, such as luxury hotels and tourist villages with villas and apartments.

Specifically, in Neo Chorio Pafos, just 800 meters from the “Anassa” hotel and very close to the sea, a large plot of land is for sale, at the price of €1,000,000. With a total area of ​​7,962 m2, the property falls within the Urban Planning Zone T3a, which allows for a wide range of developments, such as hotels, tourist villages and villas. The property has a frontage of 95 meters on a public road and can be developed immediately. In fact, the Altamira Real Estate team has proceeded with a preliminary design based on which 24 apartments with covered parking spaces, club house, communal swimming pool and green spaces can be built within the block. The proposed development will have an amphitheater layout with a total area of ​​2,011 sq.m., while each apartment will be 84 sq.m. and will consist of two bedrooms, a kitchen, a living room and a toilet/shower.

In Mazoto, just 270 meters from the sea and close to the Camel Park, the interest attracts a tourist block at the price of €247,000. The property has an area of ​​5,471 sq.m. and falls into the Urban Planning Zone T2a, with a building factor of 20% to 45%. In addition, it has 80 meters of street frontage and enjoys an unobstructed view of the sea. It is suitable for dividing plots or for a single residential/tourist development.

Finally, in Ormidia, a tourist plot with an area of ​​8,220 sq.m. is for sale at the price of €700,000. At a distance of 90 meters from the sea and close to the center of the community, the property adjoins a registered road with a face of about 200 meters, while it falls into the Tourist Zone T5e1, with a building factor of up to 20%.

Interested buyers can submit their offer through the appropriate process of Altamira Real Estate, with a lower price than the indicative price indicated on the website.

Source: www.philenews.com

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