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10 bedroom apartment building in paralimni

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Famagusta, Paralimni

Posted: 20.11.2024 08:01 Ad ID: 5413298

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Reference number: 5361
Condition: Resale
Plot area: 755 m²
Property area: 502 m²
Postal code: 5290
Online viewing: Yes
Energy Efficiency: N/A
Square meter price: €1.972 /m²

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Mixed-use building available for sale located in one of the best areas in Paralimni, near Protaras and Ayia Napa.

The asset comprises of eight residential apartments (six one-bedroom apartments, two two-bedroom apartments) and one commercial shop on the ground floor.

All of the apartments and the shop are currently rented on long term basis with over 50,000 Euros NET total rental income per annum.

Building has been fully renovated (electrical, plumbing etc) 2 years ago and fitted with new electrical appliances and modern furniture throughout.

Building density with the new local plan into effect increased from 90% to 140% giving the investor the opportunity to construct more units.

All in all its a great opportunity to purchase a property with high rental income and with huge potential of capital appreciation in the near future.

Request information from seller

Run a full technical and legal real estate check today

Technical inspection:

HOME CHECK

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+357 96 504 296
Legal inspection:

CTA LAW FIRM C.T. Antoniou & Co LLC

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+ 357 22 516 838
Technical inspection:

HOMESURV

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+357 22 377 004
Legal inspection:

M.PARASCHOU LAW Advocates & Legal Consultants

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+357 22 622 262
Technical inspection:

SQUARE ARCHITECTS

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+357 99 592 218