Commercial in Paralimni, Cyprus
Asking: € 197,000 EUR
Protaras, Famagusta - €197,000
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- I...More Details