€179,000 $187,515
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Pay in USD and save up to $6,563Key features
- Listing ID: 993008
- Title deeds available
- RENOVATION / INVESTMENT PROJECT
- Investment opportunity, high rental potential
- Covered Area: 179m2
- Balcony: 173m2 approx.
- Ground floor additional storage 102m2
- Parking for 6 cars
- Walking distance to beach, bars & restaurants
- Sea Views
Description
Looking for a prime investment opportunity in one of the hottest tourist destinations in Cyprus? Look no further than this unique commercial property in the heart of Protaras! With a title deed available for immediate transfer, this property offers the perfect chance to build your dream business or create a stunning residential space in a prime location. Built in 1996 and located on the top floor of a commercial building, this property has a fascinating history as a popular restaurant in the past. Now, with proposed plans to transform it into a luxurious 4-bedroom, 4-bathroom apartment with a spacious private balcony and breathtaking sea views, this property is ready for a complete renovation that will unlock its full potential. With 179m2 of covered area and a sprawling 173m2 private uncovered balcony, this property offers ample space to create a one-of-a-kind living or business experience. The communal entrance and shared staircase make it easy to access, while the allocated parking for 6 cars and additional 102m2 of storage provide plenty of room for storage and convenience. Located just minutes away from the bustling Protaras main strip and some of the area's most popular beaches, this property is perfectly positioned to attract tourists and locals alike. Whether you're looking to create a thriving restaurant or bar, or you want to create luxurious rental units, this property is an excellent investment opportunity with exceptional rental potential. And with a large roof surface offering ideal orientation for solar panels, this property is poised to take advantage of the latest green energy technologies, making it a smart and forward-thinking investment in a rapidly evolving industry. Don't miss out on this incredible opportunity to own a piece of prime real estate in Protaras - contact us today to learn more about this unique commercial property and take the first step towards realizing your dreams!
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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