Luxury apartment in Capo Greco, Central Protaras

€250,000 Guide Price

Coralli Spa Resort, Protaras, Famagusta , CY

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Property Features

  • Frontline apartment with superb sea views
  • Walking distance to beach
  • Close to 14 blue-flag beaches and the Capo Greco National Park
  • Easy access to a wide range of amenities
  • Air-conditiong
  • Double glazing
  • Fully furnished

Property Summary

A luxury frontline apartment in Protaras, Capo Greco, Famagusta 

This spectacular apartment is located in a spa resort in Central Protaras close to Fig Tree Bay and Capo Greco on the south-east corner of Cyprus. 

The apartment lies in a superb location for those that love the outdoors with the beach literally on your doorstep. The Capo Greco National Park is just a short-drive away. There are superb Mediterranean Sea views and the apartment in is located within easy reach of the resort's spa facilities as well as the wider attractions in the resort of Protaras.

The Location

This south-east corner of the island is an up-and-coming area offering crystal-clear turquoise waters and is deemed the jewel of Cyprus. In close proximity, there are fourteen blue-flag sandy beaches including the famous Trinity Beach, Sunrise Beach, Kalamies Beach and Fig Tree Bay.

Just a few minutes drive to the south, lies Capo Greco National Forest Park which also has clear aquamarine waters and protected pine forest trails ideal for those that love outdoor pursuits.

Property prices offer much better value than in the more touristy areas of the island. However, with the launch of a spectacular luxury marina development in Ayia Napa, prices are catching up fast.  This new world-class marina is a €150 million Government-backed development that will also offer luxury residential and commercial properties.

This south-east corner offers great potential given the location, the degree of inward investment and the wider recovery in property values across Cyprus.

This part of the island has long hot dry summers and short mild winters. It is famed for its 340 days of sunshine a year making it an ideal holiday destination.

For those looking for investment purposes, the long season provides for attractive rental yields and given the unique nature of this apartment, it should retain its future marketability along with potential for strong capital gains.

Larnaca and its international airport can easily be reached within forty-five minutes.

The Property

This one-bedroom apartment includes one bathroom. There is an open-plan kitchen and dining/living area that leads to the balcony which provides for unobstructed panoramic sweeping views over the Mediterranean Sea.

The property comes fully furnished allowing any holiday owner/investor to benefit from immediate rental returns given the superb location and popularity of the resort. Combined with the long-season in Cyprus, this apartment should provide for excellent rental yields combined with the potential for strong capital gains. This front line apartment within a popular spa resort is s a scarce opportunity in the Protaras area.

The total building area of the apartment is 45 square metres. There is also a private covered parking space.

You will be able to enjoy the full facilities of the resort including spa, communal swimming pools, sport and leisure activities as well as access to several popular bars and restaurants.

Property Details

  • Ref: CYGICGSH175
  • Type: Apartment
  • Availability: For Sale
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1
  • Outside Space: Balcony, Communal Garden, Communal Swimming Pool
  • Parking: Off Road Parking
  • Locations: Cyprus, Famagusta
  • Tenure: Freehold
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