A Plot In Northern Cyprus

An rare opportunity to purchase a large plot of land with approximately 500 meters of superb beachfront, with permits already in place for a hotel development.

The land consists of 178 privately owned Donums (original esdeger kocan i.e. title deeds issued against this family's own extraordinarily valuable Turkish Cypriot land in South Cyprus) and approximately 80 Donums of long-term leased land from the Government for a total of approximately 260 donums. The Seller undertakes to transfer the Leased land contract to the buyer at closing at no extra cost.

The privately owned acreage boasts approximately 500 meter long sandy sea front, which must be seen to be fully appreciated.
145 of the 178 privately owned donums are zoned for 50% development of the land footprint and 200% development overall with no height limitation.

In addition to tourism investments such as hotels, casinos etc. this land is also zoned for unlimited residential (villa and high-rise) development, subject to the above guidelines.

The remaining 33 donums of the 178 can be used for tennis courts, swimming pools, parking lots, green areas and non-permanent construction in general.

The leased land is classified as Blue zone and is approved for all tourism investments such as time share resorts, hotels, golf courses, tennis courts etc.

The asset is surrounded by a 1,000 donum forestry area, closed to construction.

Golden Beach front, with stunning clear and clean water, Balalan is situated between the Bafra coastlines, an area which has been designated as a prime tourist location, on the north facing side of the Karpaz Peninsula.

The most forward thinking tourism plan in North Cyprus, the Bafra region is currently under construction with its unique, grand 5 star hotels and facilities. A further 20 minutes east is Golden Beach, listed as one of the top 10 most beautiful beaches in the world.

Five minutes drive away one finds the Lewis family's $200 million Karpaz Bay Resort project, comprising of two 5 star hotels and extravagant marina.

Infrastructure and electricity are nearby.

The property briefly consists of:

€18,725,000

REF: BL1