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Address Estate Agents
Mixed Use Project
Ayia Napa, Famagusta

€1,800,000  ($2,089,719)

Address Estate Agents

Address Estate Agents

Registration 1240. Licence 613/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!

Key features

  • Listing ID: 8713730
  • Plot: 813 sqm
  • Close to amenities
  • Walking distance to bus service
  • Building permit available
  • Corner property
  • Bar (Ground floor) + 4 Apartments (Top floor)
  • Investment opportunity
  • In need of Renovation
  • Title Deeds of Land available (1 field whole share [316 sqm] + 1 field 1/2 share with Distribution Agreement in place [497 of 993 sqm])

Description

This commercial building in the heart of Ayia Napa presents an excellent investment opportunity for entrepreneurs, business owners, and investors. Situated on a 813 sqm plot, the property comprises a ground-floor bar and four apartments on the upper floor, offering multiple income streams and strong future potential. The apartments are currently rented to workers, providing immediate rental income, while the ground-floor commercial space offers great potential for a variety of business ventures. Conveniently located close to amenities and within walking distance to bus service, the property enjoys a strategic location in one of Famagusta’s most popular areas. The building is in need of renovation, allowing a new owner to modernize and maximize its value according to their vision and business goals. Whether you are looking to expand your portfolio, establish your own operation, or redevelop the property, this is a rare opportunity to acquire a mixed-use building with excellent long-term potential in Ayia Napa.
TITLE DEEDS OF LAND AVAILABLE (1 field whole share [316 sqm] + 1 field 1/2 share with Distribution Agreement in place [497 of 993 sqm])!!!


SPECIFICATIONS:

Planning Zone: Πα10α (Tourist/Holiday Housing Zone / Πολεοδομική Ζώνη Παραθεριστικής Κατοικίας)
Building Factor: 100%
Cover Factor: 50%
Height: 13.5 meters
Floors: 3

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€68,600 ($79,641)
If buying on joint names
€65,200 ($75,694)

Disclaimer - Property reference 8713730. The information displayed about this property comprises a property advertisement. Address Estate Agents makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Address Estate Agents has no control over the content. This property advertisement does not constitute property particulars.