Kato Paphos Residential Land For Sale

For Sale €3,950,000
Ref. No. 8649
Kato Paphos
Residential Land
Plot: 10679m²
Two adjacent plots of land (5339sqm and 5340sqm) sold separately or as one unit. The total size is 10679 square meters. The land is located in the heart of the famous 5 and 4 star hotel area of Kato Paphos, just a hundred meters from the sea and very close to the Casino, the Paphos Aphrodite Water Park, the new high rise towers and other important amenitiesThe building zone is Commercial / Tourist, T5B and the land is suitable for a development of an exclusive villas project, hotel or other similar investment. Currently there are official plans and licenses for 24 luxury villas with swimming pools but the land can be used for any other purpose.  

Property Features

Airport: 5 min drive
Attached on main road
Beach: Walking distance
Commercial zone
Electricity available
Residential zone
Telephone line available
Tourist zone
Water available
Kato Paphos is the lower half of the city of Paphos, along the coastline. It consists of different areas including the Tombs of the Kings, the Harbour, Universal and the Hotel Avenue. Kato Paphos is of course the busiest area of the city, especially in the summer months, with thousands of tourists out and about. It is also very high in real estate demand with rental income generating the highest yield for owners, due to location, proximity to the sea and the tourist areas and the numerous interesting sights and things to do. Attractions include the Harbour with its Medieval castle and numerous cafes, fish restaurants and souvenir shops, the Kings Avenue Mall, the Agiou Antoniou bar street that comes to life during after hours and of cour...

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