Commercial Premises For Sale in Protaras with Title Deeds
(Potential of turning this into a 4 bedroom penthouse)
PRICE REDUCTION!! (was €200,000)
RENOVATION / INVESTMENT PROJECT
The property is located on the top floor of a commercial building, previously used as a restaurant, and requires a full renovation. The proposed plans suggest a 4 bedroom, 3 bathroom apartment with a large private balcony boasting views towards Profitis Elias to the front and views of the coast line to the rear. The property shares a staircase to the front of the building and small communal entrance with the neighbouring property. On the ground floor there is allocated car parking and an additional 35m2 storage. This project when completed will make a fantastic family home or holiday rental investment opportunity.
- Estimated renovation costs €100,000
- Estimated valuation after renovation €450,000
- 35 m2 storage unit
- 6 allocated car parking spaces
- Internal 179 m2
- Un-covered balcony 133 m2
- Walking distance to the nearest beach
- Walking distance to the local shops and amenities
- 60 minutes to Larnaca International Airport
- Suitable for Cyprus Permanent Residency
- Energy Efficiency N/A
Protaras
Protaras is a popular tourist resort, well known for its beautiful golden white sandy beaches, especially Fig Tree Bay with its old lone fig tree, and clear sky blue waters. A beautiful purpose built coastal boardwalk links Protaras to adjoining resorts, secluded coves & beachside tavernas & cafes. To the northwest, atop a rock, you will find the limestone Church of Profitis Ilias (Agios Elias) with breath taking views across the bay. There is a wide choice of hotels & self catering accommodation with a vast selection of restaurants, traditional tavernas, bars & coffee shops, making this a great area for investment for the tourist market.
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* Title Deeds
* Walking Distance to the Beach
* Stunning Views
* Suitable for Cyprus Permanent Residency
* Fantastic Location
* Renovation Project
* Energy Efficiency N/A
Protaras
Protaras
County: Famagusta
Sale Type: For Sale
Ref #: EPCC1044
Last Updated: Tuesday, 23 April 2024 05:02
