PRIME SEAFRONT LAND FOR DEVELOPMENT
Ormideia, Cyprus
€30.000,000€
A rare opportunity to acquire a substantial first-line seafront landholding in Cyprus, suitable for a major residential, hospitality or mixed-use development.
The property comprises four adjoining land plots under a single ownership, located approximately 20 metres from the sea.
THE PROPERTY
Property type: Development Land
Location: Ormideia, Cyprus
Position: First line to the sea
Distance from the sea: Approx. 20 metres
Total gross land area: 31,070 m²
Number of plots: 4
Planning Zone: T3e
Asking Price for the entire landholding: €300,300,000
The four plots have the following areas:
Plot 1042 — 5,953 m²
Plot 1043 — 5,953 m²
Plot 379 — 8,363 m²
Plot 382 — 8,801 m²
The architectural documentation indicates a combined net parcel area of 23,256 m² after the allocation for roads and green areas.
FLEXIBLE ACQUISITION
The property may be acquired as one complete development site or as a combination of individual plots, providing flexibility depending on the investor’s development strategy and required scale.
This makes the opportunity suitable both for a large-scale investor seeking the entire coastal site and for developers interested in acquiring part of the landholding.
DEVELOPMENT POTENTIAL
The land is located within Touristic Planning Zone T3e.
According to the available architectural documentation, the planning parameters include:
Hotel density: 40%
Touristic apartments density: 40%
Residential density: 30%
Coverage: 20%
Maximum floors: 3
EXISTING ARCHITECTURAL PROJECT
The asset offered for sale is the LAND.
However, an architectural development project has already been prepared for the site, demonstrating its potential for a substantial mixed-use resort development.
The existing concept provides for:
33 private villas + approximately 191 hotel rooms
The proposed villas have an indicative internal area of approximately 140 m² each, while the hotel concept provides approximately 5,721 m² of net internal room area.
The existing project can therefore serve as a ready development concept and demonstrate the investment potential of the land.
Alternatively, a purchaser may pursue a different development concept in accordance with applicable planning regulations and approvals.
INVESTMENT HIGHLIGHTS
First-line seafront land
Approx. 20 metres from the sea
31,070 m² total gross land area
Four adjoining plots under single ownership
Option to acquire the entire site or a combination of plots
Touristic Planning Zone T3e
Existing architectural project for 33 villas + hotel
Suitable for residential, hospitality or mixed-use development
ASKING PRICE
€30,000,000
Full project documentation, architectural information and plot details are available to qualified investors upon request.
