Mixed use building in Deryneia

An excellent investment opportunity to acquire a three-storey mixed-use commercial and residential building in a prime central location in Deryneia, Famagusta. Situated on Eleftherias Avenue, a high-traffic road with approximately 25 metres of frontage, the property offers excellent visibility, accessibility and strong rental potential.

The building comprises a total of six units, including two commercial shops and four residential apartments, with a combined internal covered area of approximately 565 m². The residential accommodation consists of two spacious three-bedroom apartments and two two-bedroom apartments, distributed across the first and second floors. Both shops are located on the ground floor and feature additional mezzanine areas. The building also benefits from a basement, providing parking facilities, with a total of 10 parking spaces across the basement and ground floor.

Additional features include a total land area of 1,027 m², corresponding to a 1/2 undivided share of approximately 513.5 m², an internal staircase, elevator access to all floors and a vehicle access ramp to the basement. The property is currently vacant, offering the new owner the flexibility to lease all units or implement their own investment strategy.

Ideally positioned in the center of Deryneia, close to Famagusta General Hospital and surrounded by established residential and commercial activity, this property represents an attractive opportunity for investors seeking a diversified income-generating asset. With its combination of commercial and residential units, prominent road frontage and convenient location, it offers excellent potential for long-term rental income and future investment growth.

A rare opportunity to acquire a substantial mixed-use property in a strategic location in the Famagusta district. Contact Arazo Estates today for further information and to explore the possibilities this property has to offer.

Any areas, energy class, measurements or descriptions are approximate and for guidance only. All information provided by Arazo Estates Ltd should be independently verified and confirmed by interested party. No guarantee, warranty or representation of any kind is made regarding accuracy of any data mentioned herein. All photographs are provided for guidance only.