The Property This remarkable mixed use complex comprises a substantial collection of 37 fully furnished and equipped apartments set within a generously proportioned development that combines residential, hospitality and commercial elements under a single title deed. The building was constructed in 2000 and underwent comprehensive renovation in 2026, ensuring modern standards throughout while maintaining established operational excellence. The complex includes three two bedroom apartments, twenty one one bedroom apartments and thirteen studio units, each thoughtfully appointed with modern fitted kitchens, private bathrooms and individual split unit air conditioning systems. Every residence features a private balcony with the majority enjoying captivating sea, marina or town views that create an inspiring everyday backdrop for residents and guests alike. Layout and Facilities The complex unfolds across approximately 3500 square meters of built space situated on a generous 2200 square meter plot, offering a harmonious blend of residential comfort and guest amenities. Beyond the individual apartments, the development features a welcoming communal swimming pool area that serves as a focal point for leisure and social gatherings, complemented by television facilities throughout the complex. A ground floor food and beverage outlet operates within the development, providing convenient dining options and enhancing the overall guest experience and property self sufficiency. The building benefits from an elevator system serving all levels, ensuring accessibility and convenience for residents and visitors navigating the multi unit structure. Infrastructure and Utilities The property incorporates sophisticated climate control through individual split unit air conditioning systems in every room, while a solar panel and electricity powered water heating system demonstrates environmental consciousness and operational efficiency. Central heating with hot and cold air conditioning capability maintains comfortable living conditions throughout the year, while the buildings Energy Efficiency Class B certification reflects its commitment to sustainable modern standards. The complex sits on a tarmac secondary road with substantial road frontage of 150 meters, ensuring excellent visibility and accessibility while the robust infrastructure supports the diverse operational requirements of the mixed use development. Development Potential A compelling opportunity exists through an already submitted planning application for the addition of eighteen new residential units comprising studios and one bedroom apartments, each designed with private entrances suitable for individual sale or short term rental arrangements. Approved architectural plans are available demonstrating the viability and design quality of this expansion, positioning the property for significant value enhancement through vertical development on the existing well established platform. This development pathway represents a distinctive advantage for investors seeking to amplify returns on an already performing and income generating asset without requiring extensive preliminary approvals or conceptual work. The Location Positioned in the vibrant heart of the city center, this property enjoys an enviable location mere steps from the Mediterranean seafront, the iconic waterfront promenade and the bustling marina atmosphere. The walking distance proximity to banking services, pharmacies, hair dressing and beauty salons, corner shops and traditional bakeries ensures daily convenience and services are immediately accessible. Within just five minutes reach lie primary and secondary schools, supermarkets, a gymnastics center, the local church and the inviting beach, creating a genuinely complete living environment where everything important is effortlessly near. The property sits just 300 meters from the sparkling sea, offering that precious combination of beachside lifestyle benefits with all urban amenities and services clustered around every corner. Legal Standing The acquisition of this property is structured through the purchase of company shares representing a complete Title Whole Share, which grants the new owner full utilization rights and absolute control over the property and its operations. This ownership structure eliminates property transfer fees, providing a significant financial advantage that enhances overall return on investment and streamlines the acquisition process considerably. Completion of the transaction includes the transfer of the title deed through the District Land Registry, ensuring full legal protection and formal recognition of ownership rights in perpetuity. Investment Appeal This represents an extraordinarily rare opportunity to acquire a fully operational, income generating mixed use complex that already performs strongly through residential lettings, hospitality operations and diversified commercial tenant arrangements. Seventeen ground floor retail units all independently tenanted provide immediate consistent rental income from day one, creating a stable revenue foundation that supports property appreciation and enables immediate investor returns. The combination of proven operational excellence, walking distance proximity to the beach and city amenities, immediate diversified income streams, an established guest ready apartment portfolio and a clear development pathway through approved expansion plans creates one of the most complete investment packages currently available in the Cyprus market. We warmly invite you to arrange a private viewing and explore the full potential of this exceptional property.