An exceptional freehold investment property offering immediate commercial income potential together with significant future development opportunities. Situated in the heart of the traditional centre of Paralimni, the property enjoys a strategic location within walking distance of two large municipal public car parks and a central bus stop providing direct connections to Protaras, Ayia Napa, Larnaca and the wider Famagusta district.
The existing ground-floor commercial premises are ideally suited for a wide range of business uses, including serviced offices, co-working spaces, accounting firms, law offices, medical and healthcare practices, insurance agencies, business support centres, consulting companies, financial services, educational or training centres, and other professional service providers.
The property also offers substantial development potential. Based on the applicable planning parameters, the remaining building density and site coverage allow for the construction of two additional residential floors comprising four apartments, subject to obtaining new Planning and Building Permits in accordance with the applicable legislation.
This represents an outstanding opportunity for investors and developers seeking to create a high-value mixed-use project combining commercial premises with long-term residential rentals, serviced apartments or holiday accommodation, while benefiting from a prime central location, excellent accessibility and strong long-term capital appreciation potential.
The property's excellent accessibility, abundant nearby public parking, and proximity to key amenities make it particularly attractive for professional offices, healthcare services, and modern flexible workspace concepts, while its development potential provides an exceptional opportunity for long-term value creation and diversified rental income..
Contact Purple International Real Estate to arrange a viewing of this Paralimni shop.
