- 27,285,000 €
- 4.7% yield
The total area of this impressive development is 596,110 square meters, with 500,000 square meters allocated for residential purposes. It includes various features such as a 5-star hotel resort with 170 rooms, a sports center, a polythematic park, and other facilities. Additionally, there is a rehabilitation center with 200 rooms for geriatric care and monitoring. The residential development offers up to 700 properties for sale, including 200 luxury suites and townhouses located adjacent to the hotel for sale and rent.
The philosophy behind this development is centered around large-scale mixed-use resorts. Its objectives are to enrich the tourist product, maintain the competitiveness of the tourism industry, promote tourism in rural areas, boost employment opportunities in the surrounding region, and facilitate the development of high-quality tourism and residential projects.
The project is innovative as it provides a wide range of services to cater to the needs and interests of visitors and investors. These services include holiday homes or permanent residences, entertainment options, shopping opportunities, training and education facilities, medical care, exercise facilities within a natural and structured environment, security, a high standard of living, and a safe investment.
The development is based on multiple pillars of development simultaneously, ensuring sustainability by creating a complex with interconnected and financially supportive usages. The project also features a comprehensive public water supply system, including reservoirs to serve the community, residential and resort areas, and the overall project.
In terms of infrastructure, there are two private licensed boreholes to fully satisfy the irrigation needs of the 27,000 trees planted within the project. The road network, spanning 9 kilometers, includes both public and private roads. The main proposed public road within the development has been asphalted, providing improved accessibility during construction and project presentation. Extensive landscaping has been done throughout the area, including the proposed private roads, with the planting of various trees and aromatic plants.
The entrance to the development features a control gate in the form of a traditional castle, adding a distinctive element. The hotel, situated at the highest point of the project, offers breathtaking panoramic views of the mountains and the sea. There are provisions for a casino and 200 luxury suites and townhouses available for sale or rent near the hotel.
Other specifications of the development include a kindergarten, gym and spa facilities, a snack bar and restaurant, an outdoor theatre with 150 seats, a football field, a running track, tennis, volleyball, and basketball courts, as well as a riding place.
If this ad doesn't suit you, have a look at the other hotels for sale in Paphos.
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