Ref: CypPey16047

House for sale at € 10000000 in Peyia

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One of the Few Seaside Plots left: Create your own Private World
Price given is for TWO plots -

This Scenario envisages the development of 2 exclusive Palace-style villas set on the water’s edge with landscaped gardens and traditional Mediterranean style architecture. The total net Building Coefficient is 900 meters. The villas will be developed on plots of around 7.500 square meters each. Each villa will be at least 5 bedrooms with covered areas of around 500 Square meters BC plus covered verandas and basements. The designs will provide for large verandahs, patios with pergolas, lavish landscaped gardens, garages and provisions for private swimming pools.
The estimated cost of building EACH villa is 1,800,000.00 Euros
Prime Location
The site is situated at a quiet and picturesque bay, some five miles North of Paphos, in Peyia Area.
2 minutes drive to Coral Bay sandy beaches; just under 1000 meters
5 minutes drive to supermarkets, kiosks and bakeries
5 minutes drive to Peyia town, the traditional tavernas, restaurants
15 minutes drive to Paphos town
15 minutes drive to Kato Paphos, ancient castle and harbor
15 minutes drive to Akamas Peninsula
25 minutes drive to Paphos International Airport
Land Ownership
The project land with a total land area of 14.980 square metres consists of the plot number 260, Sheet/Plan 44/24W2, with registration numbers 4/260. The beneficial owner has30 years experience, in managing Prime and Exclusive location projects and Investments and specializing in resort style residential projects, hotels and mixed use developments catering for the local and international markets.
The Sklinikari land area of 14.980 square meters is included in Agricultural planning zone which allows Residential Development of 2 Houses with Building Coefficient 6% plus covered verandas and basements.
Buffer Zone
The area surrounding the Sklinikari plot is mainly public and sea shore protected land. This provides an uninterrupted access as well an opportunity to use the land for landscaping and gardening. An application to rent part of this land has been submitted to the authorities by the owners.
Future zoning
The Peyia municipality has submitted to the Town Planning Authorities for consideration that the Sklinikari existing building zone be change to Tourist.
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