For sale project in Ayios Demetrios Village will be developed in the countryside of Paphos, in a privileged location on a plot of land covering an area of about 533.000m², covered area 82.600m2. All the land is continuous and slopes upwards with stunning sea views. The whole area will be gated and there will be a 24 hour security service. The land is only 10 minutes’ drive from Paphos international Airport and 15 minutes to Paphos town. It is adjacent to a public road to the south on frontage of approximately 200 m and 3 minutes south of the main Paphos to Limassol motorway. The city of Limassol is a 25 minutes’ drive to the east. Golf courses in the area are Venus Rock Estates and Aphrodite Hills, which are both just under 10 minutes drive away. Anarita and Mantria villages are just a few minutes’ drive away. The development to include 2 of the 3 strategic targets (a) university (b) hospital (c) research and development. The development to include multiple tasks of cultural and environmental enrichment e.g. museum, amphitheatre, craft shops, botanic, organic farming etc. It must also include a sports centre.The land to be located near towns, motorways, an international airport and a nearby infra-structure network to be in place.The parcel of land to be in excess of 300.000m². The objective will be to commence all construction work as early as possible in early 2015 and to be completed in early 2017. In such a case the company will do all in its power to complete the construction work within 2.5 years of simultaneous construction work to be carried out to alleviate any delays. In order for Cyprus to meet the domestic demand in terms of physical rehabilitation and geriatric rooms, based upon the estimates of the Royal Institute of Pathologists (London), the ratio of 20 rooms for acute care and 20 rooms for rehabilitation per geriatric doctor is applied. Based on this recommendation, the total number of geriatric rooms required for the population of Cyprus who are over 65 years of age, is estimated at 450 rooms (in accordance to the population census in 2011). It should also be noted that the number of rooms is expected to be increased in the future in proportion to the increase of the population over 65 years of age and the subsequent increase in the number of geriatric doctors. Hotel apartments of 250 rooms will provide luxurious accommodation for relatives, friends and visitors for a relaxing week-end or longer stay in green and friendly surroundings; they can be spoiled by visits to the wellness centre and medical spa and can participate in a score of indoor and outdoor activities. The combined residential development, with its own brand character, outstanding decor and design will give a choice to prospective customers, depending on their budget, to purchase a bungalow (80), a retirement home (230) have their own swimming pools or even an individually designed luxurious villa (25) to live in a carefree, green picturesque surroundings couple with first class service. Maintenance, housekeeping, gardening and caring facilities will be on offer. A photovoltaic park of 4 MW will operate thus a substantial saving on electricity will be achieved.  It is expected to cost €5.0m and can produce a net income before tax of approximately €1.0m p.a.  A sewage water treatment plant will provide for most of the irrigation for the water needs of the areas covered with green, gardens, trees and football pitches. Has right to close a covered area not included in the price.

CODE No: 6481  Selling Price: € 72.000.000

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