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PICTURES ARE LOADING...

Protaras, Famagusta, Cyprus

Cyprus > Famagusta > Protaras
USD 194,681

Apartment & Condo (For sale)

4 bd
3 ba
1,927 sqft
Reference: SZET-T2812 / epcc1011
Commercial Premises For Sale in Protaras with Title Deeds(Potential of turning this into a 4 bedroom penthouse)PRICE REDUCTION!! ( was €220,000)RENOVATION / INVESTMENT PROJECTThe 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 45m² 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- 45 m² storage unit- 6 allocated car parking spaces- Internal 179 m²- Un-covered balcony 173 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/AProtarasProtaras 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. View more View less Commercial Premises For Sale in Protaras with Title Deeds(Potential of turning this into a 4 bedroom penthouse)PRICE REDUCTION!! ( was €220,000)RENOVATION / INVESTMENT PROJECTThe 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 45m² 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- 45 m² storage unit- 6 allocated car parking spaces- Internal 179 m²- Un-covered balcony 173 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/AProtarasProtaras 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.
Reference: SZET-T2812
Country: CY
City: Famagusta
Category: Residential
Listing type: For sale
Property type: Apartment & Condo
Property size: 1,927 sqft
Bedrooms: 4
Bathrooms: 3

SIMILAR PROPERTY LISTINGS

SALE PRICE PER SQFT IN PROTARAS

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 352
-9.1%
-14.8%
Apartment
-
-
-
* Average listing price
All homes for sale »
All homes for sale »

AVERAGE HOME VALUES IN PROTARAS

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