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Paralimni, Famagusta
€890,000
- 10Bedrooms
- 8Bathrooms
- Share of land
- 502 m2Covered Area
- 754.5 m2Plot Area
- 78 m2Covered Veranda
- Fully Furnished
Mixed-use building available for sale in Paralimni area.
Property is a building that 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 50,000 Euros NET total rental income per annum.
Building has been fully renovated 2 years ago and fitted with new electrical appliances and modern furniture throughout.
Building density with the new proposed local plan coming into effect in a few months will be increased from 90% to 120% giving the investor the opportunity to construct some more units.
All in all, a great opportunity to purchase a property with high rental income and with huge potential of capital appreciation in the near future.
Property is a building that 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 50,000 Euros NET total rental income per annum.
Building has been fully renovated 2 years ago and fitted with new electrical appliances and modern furniture throughout.
Building density with the new proposed local plan coming into effect in a few months will be increased from 90% to 120% giving the investor the opportunity to construct some more units.
All in all, a great opportunity to purchase a property with high rental income and with huge potential of capital appreciation in the near future.
Facilities
- Aircondition, Split system
- Parking, Uncovered
- Solar water heater
Features
- Connected to electric mains
- Easy access to highway
- Easy access to main roads
- Excellent condition
- Near amenities
- Near bus route
- Near public transport
- Spacious rooms
- Tile flooring
Distances
- Amenities:500 m
- Airport:45 km
- Sea:4.3 km
- Public Transport:500 m
- Schools:2 km
- Resort:5 km
About Paralimni, Famagusta
Browse our extensive portfolio of property for sale in Paralimni. Find villas, houses, apartments, land & more. Paralimni is located just 10 minutes from Protaras, and 15 minutes from Ayia Napa - Cyprus main tourist destinations.
Speak to an Agent! Call the Arazo Real Estate team at +357 7000 7959, send a message using the contact form or send an email to [email protected].
Any areas, energy class, measurements or descriptions are approximate and for guidance only. All information provided by Arazo Estates Ltd should be independently verified and confirmed by interested party. No guarantee, warranty or representation of any kind is made regarding accuracy of any data mentioned herein. All photographs are provided for guidance only.
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