Recently reduced price of an investment opportunity at one of the most desirable locations of the whole island!

This nice shaped plot of land sized at 3742m2 is adjacent to an asphalt road and is located just a few hundred meters away from lovely sandy bays (some are blue flag awarded) and just 600 meters from numerous amenities, including shops, supermarkets, bars, tavernas and restaurants open yearly. 

The plot is within Τ2β1α Zone with Building Density at 30% with 25% Coverage, 2 floors allowed up to 8.3 meters for Residential Developments.  According to legislation the investor could apply to buy an extra 6% building density. According to the Municipal new Zoning Proposals it is highly likely that within the next 6 months the above Zone will change to Τ3ε1 with Building Density at 35%.

Conveniently situated at Kapparis touristic area this plot is ideal for both permanent residency as well as holidays. 

Due to elevation any development will benefit from amazing sea views especially on upper floors and roof gardens.

This is an ideal property to construct at least 8 luxury villas, offering high value for money and is highly recommended for viewing. 

Kapparis

The area includes some awarded sandy bays, exceptional fine dining, great amenities and is increasing in popularity due to its diverse nature.

Kapparis resort connects with an amazing coastal promenade that stretches for more than 4 kilometers, connecting with the area of Pernera along to the famous Fig Tree Bay beach as well as the fishing shelter of Agios Nikolaos, the new World Class Marina and several blue flag sandy bays and amenities. 

It offers the visitors the possibility to explore more of the area and at the same time discover a treasure of wonderful beaches. At the same time it is ideal for walking or jogging as you enjoy the sunset over the blue waters of the Mediterranean.

Just 5 minutes' from Paralimni town center and the highway and 10 minutes' drive to Protaras Center, Kapparis resort keeps upgrading with the main road network offering parking spaces on both sides (parallel parking), attractive new pavements, green lanes on both sides, a bike path on the right side of the road, pedestrian crossings and bus stops.