An excellent investment opportunity to acquire a three-storey mixed-use building in a prime central location in Deryneia, Famagusta. The property comprises two commercial retail units and four spacious residential apartments, offering a versatile combination of commercial and residential accommodation with significant rental income potential.
Property Highlights
Total Units: 6 units, comprising 2 retail shops and 4 residential apartments.
Residential Accommodation: 2 two-bedroom apartments and 2 three-bedroom apartments.
Total Internal Covered Area: 565 sq.m.
Total Land Area: 1,027 sq.m., corresponding to a 1/2 undivided share of approximately 513.5 sq.m.
Road Frontage: Approximately 25 metres along Eleftherias Avenue.
Parking: 10 parking spaces located in the basement and on the ground floor.
Occupancy Status: Vacant, offering immediate availability for occupation, leasing or investment purposes.
Property Description
The property comprises a three-storey building with a basement level, thoughtfully arranged to accommodate both commercial and residential uses.
The ground floor accommodates two retail shops, each incorporating a mezzanine level, while the first and second floors comprise two apartments per floor. The residential units are accessible via a common internal staircase and an elevator, ensuring convenient access throughout the building.
The basement level provides dedicated parking facilities and an allocated area for EAC (Electricity Authority of Cyprus) infrastructure. Additional vehicular access to the basement is provided via a dedicated ramp.
Internal Layout and Accommodation
Commercial Units – Shops No. 1 and No. 2
Both retail units are arranged over the ground floor and mezzanine level, comprising:
An open-plan retail area on the ground floor.
An auxiliary area on the mezzanine level.
One toilet on the mezzanine level.
Three-Bedroom Apartments
Located on the first and second floors respectively, these identical apartments comprise:
Open-plan living, dining and kitchen area.
Three bedrooms.
Main bathroom with toilet.
Master bedroom with en-suite shower and toilet.
Two-Bedroom Apartments – Door 102 (Apartment No. 1) and Door 202 (Apartment No. 3)
Located on the first and second floors respectively, these identical apartments comprise:
Open-plan living, dining and kitchen area.
Two bedrooms.
Main bathroom with toilet.
Location and Investment Potential
The property benefits from a prominent position in Deryneia, providing excellent accessibility and exposure for its commercial units.
Its proximity to Famagusta General Hospital and other local amenities further enhances its appeal to both commercial tenants and residential occupants.
With six independent units, substantial parking provision and a combination of retail and residential accommodation, the property presents an attractive opportunity for investors seeking a diversified income-generating asset in the Famagusta district.
The vacant status of the building offers prospective purchasers the flexibility to implement their own leasing strategy, optimise rental returns and maximise the property's long-term investment potential.
Contact Aktihomes today for further information.
