179m² Commercial Property for Sale in Protaras, Famagusta District

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 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 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/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. ———— * Title Deeds * Stunning Views * Fantastic Location * Suitable for Cyprus Permanent Residency * Walking Distance to the Beach * Renovation Project * Energy Efficiency N/A Protaras Protaras County: Famagusta Sale Type: For Sale Ref #: EPCC1011