Property 5296 Protaras, Famagusta / Epcc1011

Located in the popular tourist resort of Protaras, this commercial property has the potential to be transformed into a spacious 4 bedroom, 3 bathroom apartment with stunning views. The property is in need of renovation but offers a great investment opportunity. With estimated renovation costs of €100,000 and an estimated valuation after renovation of €450,000, this project is ideal for someone looking to create a family home or holiday rental property. The property also includes a 45m2 storage unit, 6 allocated car parking spaces, and is within walking distance to the beach and local amenities.

Protaras is known for its beautiful sandy beaches, coastal boardwalk, and variety of restaurants and shops, making it a popular destination for tourists. This property is suitable for Cyprus Permanent Residency and offers a fantastic location for investment in the tourist market.