Located in Famagusta.
Located in Paralimni Municipality, Famagusta District, this residential building presents a compelling investment opportunity with significant potential for redevelopment or rental yield following renovation. Set on a 625 sq.m. plot, the property features a total internal area of 450 sq.m. along with 42 sq.m. of covered verandas, offering a well-balanced combination of indoor and outdoor living spaces. The building consists of 14 apartments in total, thoughtfully distributed across three levels. The ground floor includes five studio apartments, while the mezzanine level comprises one studio apartment and two one-bedroom units. On the first floor, there are two two-bedroom apartments, two one-bedroom apartments, and two additional studio units. Each apartment is designed with an open-plan kitchen, living, and dining area, and most units enjoy access to covered verandas, enhancing comfort and functionality. Although the property requires full renovation, its versatile layout and unit mix make it ideal for long-term rentals, holiday lets, or resale as individual units. Its location is particularly advantageous, situated approximately 210 meters from Protaras Avenue and about 940 meters from Paralimni D’ Elementary School, ensuring easy access to key amenities, services, and transport links. The property benefits from a separate title deed, providing clarity and security for prospective buyers.
