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Well I was also bidding on this, would have gone a little higher but I missed pressing submit by a few seconds.
I like Cyprus as a holiday destination and as there are so many Brits out there, I had in mind something of a portal for them - classifieds, forum, flights, villa rentals that sort of thing. . . . I think the domain lends itself to that better than holiday packages etc where I would prefer a .co.uk.
Also if the forum becomes useful / a resource, the link building and sharing traffic looks after itself.
Yeah I was going to stop a lot earlier but had already got it in my head I was going to own it
My idea for it is a big Cyprus resource, hotel/resort/restaurant reviews, owners property rental listings etc etc mixed in with holiday/flights etc, the forum is a good idea too.
I think it is worth the money you spent, especially that you have clear plans on its development. Naturally, Cyprus is a big holiday destination with many Brits choosing it as a retirement destination as well so I think it might be worth adding a section/forum for this group of people too. Lots of potential if you can rank it high in search engines.