Residential building for sale in Paralimni

Residential Building in a prime area in Paralimni area, Famagusta. The property is ideally situated close to an abundance of amenities and services such as supermarkets, shops, restaurants, cafes etc. In addition, it enjoys excellent access to the neighboring Municipalities and the Protaras tourist area.

Residential building for sale in the Paralimni area, Ammochostos. The property comprises a total of fourteen (14) residential apartments, offering a balanced mix of studio, one-bedroom, and two-bedroom units.

The building is situated on a plot of 625 sq.m., with a total internal covered area of approximately 450 sq.m. and covered verandas of 42 sq.m. The property requires full renovation, presenting an excellent investment opportunity for redevelopment, private use, or rental income potential.

Internally, the property is arranged as follows: the ground floor consists of five (5) studio apartments, the mezzanine level comprises one (1) studio apartment and two (2) one-bedroom apartments, while the first floor consists of two (2) two-bedroom apartments, two (2) one-bedroom apartments, and two (2) studio apartments. Each unit offers an open-plan kitchen, living, and dining area, with most benefiting from covered verandas.

The property is ideally located in the Paralimni area with easy access to amenities and nearby coastal areas, making it suitable for both short-term and long-term rental use with very good return potential.

Title deed is available.