Development Option 3 - (40 Units) Mobile Home or Lodge Home Site
Zygote undertook a feasibility study in 2007 and produced a business plan for this venture for submission to the Cyprus Tourist Office (CTO) who issue site licences.
ctoapplication.pdf (right click, save target as….)
Here are some indicative development cost figures.
If you are interested in this option please contact your lawyer in Cyprus and, subject to you providing us information and bona fides, the Directors can also supply you with the business and legal agreements to set up the whole venture.
The only planning permission required is for the site facilities, communal washing, reception, taverna and swimming pool for example. We have had preliminary work done by an architect who understands how to obtain such permission.
A Site Licence must be obtained from the Cyprus Tourist Organisation (CTO) as shown in the above draft. We can introduce you to the right people in Nicosia.
http://www.visitcyprus.biz/ctoweb/ctowebtradesection.nsf/Maineng?openframeset
First, the CTO advise, is to submit the Application for the Procurement of Suitability Certificate of the Site for the Erection of Hotels or Tourist Establishments and after that the Application for the Approval of Plans for the Erection of a Hotel Establishment. For further information the contact with the technical department of the CTO is Mrs Metaxa (tel. - direct line - 22691191)
We can also introduce you to the manufacturers of mobile and lodge homes who can ship these to Cyprus.
The income comes from sales of mobile homes, site licences, land sale and services provided. This option can generate considerable profits very quickly. We have the figures as we have offered above.
Here is an example of a successful business in this property niche. http://www.cyprus-lodgehomes.com/.
