The property is located in Alaminos village in the District of Larnaca, Cyprus. The village of Alaminos is located approximately 28 kilometers from the city of Larnaca. The property occupies a prime location next to Aldiana Resort Hotel and Alaminos Marina. The property offers excellent views of the Mediterranean as it is located 800 metres from the beach on the south coast of the easternmost island of the Mediterranean, between the villages Agios Theodoros and Mazotos. It is at walking distance from the seashore, a 15 minute drive from Larnaca airport, 25 from Nicosia and 35 from Limassol. The property has a relatively regular shape and level surface. The property has all the relevant Permits for the development of a complex of ten luxury three bedroom two stories villas varying from 170m2 to 220m2 covered areas, in large plots from 450m2 to 750m2 each. Permits have been issued and construction can start immediately.  The land has total area of 7358 m2. The property under study is served by all the necessary services, namely electricity, water supply and telephone. The location and the proposed villas are suitable both for holiday homes as well as permanent residences. The villas have a nice modern design and are considered as being attractive to the foreign market. The land can be purchased under the scheme for Cypriot Citizenship (passport) and the completed villas can be sold to non-EU nationals for permanent residency. The project is not large and it is anticipated that it will be easy to promote and sell ten villas for permanent residency.