Building, For Sale, Famagusta, Pernera

Pernera, Cyprus

For Sale

€4,500,000

REF: 766875 €4,500,000


Description

Walking Distance to the Beach Close To Amenities Close to Town Close To Supermarket Close to Bus stop Restaurants Less Than 5 Mins Walk Bar Less Than 5 Mins Walk Supermarket Less Than 5 Mins Walk Hypermarket Less Than 5 Mins Drive Protaras Center Less Than 15 Mins Walk Protaras Center Less Than 5 Mins Drive Ayia Napa Center Less Than 15 Mins Drive Good For Cycling Good For Walking Good For Water Sports A rare opportunity to invest on a licensed piece of land to develop a 4* Hotel with 5* standards in a highly popular area that attracts several investments! Located in the center of the tourist resort of Pernera area the land totals at 8658m2, just a few minutes' walk to the sandy beaches, numerous amenities, the new promenade for amazing walks to the bustling resort of Protaras, the new Marina and so much more! The investment's central theme proposes a unique creation of a romantic boutique hotel designed by well recognized professionals in architecture, tourism consulting and interior designing.

The new hotel unit will stand out for its exclusive and high level aesthetics, its distinctive character and will provide high quality personalized services so that guests live an authentic, unique and diversified experience of stay. According to the existing plans, with 98 rooms of which 10 are swim up suites, along with Reception, Lobby & Bar, Luggage Room, Mgt Offices, Fine Dining pool side restaurant, Casual restaurant, Pool Bar, large outdoor swimming pool, Wedding gazebo for small ceremonies, Wellness treatment areas including 10 Spa rooms and more.

A very unique design features all rooms surrounding the swimming pool, and most of them having direct access to it. Conveniently, the Vendors are willing to participate further and be directly involved in the management. They are experts on International Tourism and Management, International Marketing & Finance with over 20 years work experience in the tourism industry and other private businesses.

A full market valuation from a highly reliable R.I.C.S firm as well as financial projections and architectural drawings areavailable. Within this plot there is already a block of apartments and four shops which generate an annual income of 150,000 euro. Due to its prime location and continuous rising of investors in Cyprus, the purchaser also has the option to build seaside properties to sell or rent. Luxury Holiday villa rentals are on very high demand in that specific area.
Walking Distance to the Beach Close To Amenities Close to Town Close To Supermarket Close to Bus stop Restaurants Less Than 5 Mins Walk Bar Less Than 5 Mins Walk Supermarket Less Than 5 Mins Walk Hypermarket Less Than 5 Mins Drive Protaras Center Less Than 15 Mins Walk Protaras Center Less Than 5 Mins Drive Ayia Napa Center Less Than 15 Mins Drive Good For Cycling Good For Walking Good For Water Sports A rare opportunity to invest on a licensed piece of land to develop a 4* Hotel with 5* standards in a highly popular area that attracts several investments! Located in the center of the tourist resort of Pernera area the land totals at 8658m2, just a few minutes' walk to the sandy beaches, numerous amenities, the new promenade for amazing walks to the bustling resort of Protaras, the new Marina and so much more! The investment's central theme proposes a unique creation of a romantic boutique hotel designed by well recognized professionals in architecture, tourism consulting and interior designing.

The new hotel unit will stand out for its exclusive and high level aesthetics, its distinctive character and will provide high quality personalized services so that guests live an authentic, unique and diversified experience of stay. According to the existing plans, with 98 rooms of which 10 are swim up suites, along with Reception, Lobby & Bar, Luggage Room, Mgt Offices, Fine Dining pool side restaurant, Casual restaurant, Pool Bar, large outdoor swimming pool, Wedding gazebo for small ceremonies, Wellness treatment areas including 10 Spa rooms and more.

A very unique design features all rooms surrounding the swimming pool, and most of them having direct access to it. Conveniently, the Vendors are willing to participate further and be directly involved in the management. They are experts on International Tourism and Management, International Marketing & Finance with over 20 years work experience in the tourism industry and other private businesses.

A full market valuation from a highly reliable R.I.C.S firm as well as financial projections and architectural drawings areavailable. Within this plot there is already a block of apartments and four shops which generate an annual income of 150,000 euro. Due to its prime location and continuous rising of investors in Cyprus, the purchaser also has the option to build seaside properties to sell or rent. Luxury Holiday villa rentals are on very high demand in that specific area.
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Property on Map

#5889

Currency Exchange

Pernera, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €4,500,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€4,500,000 £3,828,105 £3,939,435 £111,330
Property Price € €4,500,000
Minimum cost in the last six months £3,828,105
Maximum cost in the last six months £3,939,435
Fluctuating exchange rates over the last six months could have increased the cost of this property by £111,330

Pernera, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €4,500,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€4,500,000 £3,828,105 £3,939,435 £111,330
Property Price € €4,500,000
Minimum cost in the last six months £3,828,105
Maximum cost in the last six months £3,939,435
Fluctuating exchange rates over the last six months could have increased the cost of this property by £111,330

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £111,330 more.

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