An Exceptional Investment Opportunity in a Prime Tourist Location in Protaras

An outstanding investment opportunity in the heart of one of Cyprus’s most sought-after coastal destinations. Ideally located in Protaras, just a short distance from the town centre, the property enjoys easy access to a wide range of amenities, shops, restaurants and services, as well as the area's beautiful sandy beaches.

The property occupies a 609 sq.m. plot within a designated tourist zone and comprises a two-storey building featuring two spacious two-bedroom apartments on the upper floor, both benefiting from attractive sea views, and two commercial shops on the ground floor.

A particularly attractive feature of the property is the flexibility offered by the ground-floor commercial spaces, which present the potential to be converted into either three studio apartments or two additional two-bedroom apartments, subject to the relevant planning permissions and approvals. This provides an excellent opportunity to maximise the property's rental potential and create up to five independent residential units.

Adding further value to this investment is the government-owned land and green area situated directly behind the building. This ensures an open setting and unobstructed sea views for the upper-floor apartments, enhancing both their desirability and long-term market appeal.

The property benefits from a single title deed covering the entire building, offering a straightforward ownership structure and considerable potential for future development and income generation.

Combining a prime tourist location, proximity to the sea, attractive views and excellent conversion possibilities, this property represents a rare investment opportunity. Whether utilised for holiday rentals, long-term accommodation or a combination of residential and commercial use, it offers significant potential for investors looking to establish or expand their portfolio in one of Cyprus’s most popular seaside destinations.
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𝐏𝐫𝐨𝐭𝐚𝐫𝐚𝐬
Located on the southeast coast of Cyprus, Protaras is one of the most bustling resorts on the island. A beautiful destination that has plenty to offer to all ages. For those who are looking for relaxation and tranquillity, Protaras is the ideal holiday resort. It boasts a long coastline with breathtaking, serene beaches with sky-blue waters, most of them certified as Blue Flag beaches, such as Fig Tree Bay, Konnos Beach, and Vrysi Beach. It is also a diving destination offering boat trips, water sports for the more dashing, a large variety of restaurants and traditional taverns to choose from, vibrant bars, fun fairs, and many more. Besides that, Protaras is house to hundreds of rental villas and apartments, so it is ideal for investors who recognize the potential of such holiday units. Lastly, Protaras has easy access to Paralimni city centre and Ayia Napa, whereas Larnaca Airport is just 48 minutes away.