Retail premises for sale in Pernera, Famagusta, Cyprus

The asset relates to a hotel of 86 rooms and three blocks of apartment of 46 apartments in Pernera, Famagusta.

The asset is adjacent to Pernera Avenue and c. 300m southwest of the nearest beach.

The asset comprises of:

The hotel main building that consists of a lower floor at pool level with restaurant, dining area, gym, kitchen, toilets, sauna, changing rooms, storage rooms and staff areas. The ground floor consists of a reception area, storage areas, offices, shops and a bar. The three upper floors consist of 86 hotel rooms. The total internal area of the hotel is 5.822sqm.

The three blocks of apartments that consist of 46 apartments (38 one-bedroom and 8 studio apartments) on three blocks.

- Block 1 consists of a reception, lobby area and restaurant on the ground floor and 7 apartments on the 1st and 2nd floors.

- Block 2 comprise of 17 apartments.

- Block 3 comprise of 22 apartments. The total internal area of the hotel apartments is 2.993 sqm.

There is also a separate building of 120sqm used as offices and storage space.

Externally there are spacious landscaped gardens, swimming pools, a tennis court, a basketball court and parking spaces.

The surrounding area of the property comprises of numerous touristic developments that offer all kind of amenities. It enjoys easy access to all areas of Protaras.

Famagusta, located on the Greek side of Cyprus, offers a compelling array of reasons to consider it as a prime destination for property investment. Here are some key factors that make buying in Famagusta a wise decision:

1. Stunning Beaches: Famagusta boasts some of the most breathtaking beaches in the Mediterranean. With crystal-clear turquoise waters, golden sand, and a pleasant climate, it's an ideal location for beach lovers and water enthusiasts.

2. Property Investment Potential: Famagusta's real estate market offers significant potential for growth and returns on investment. The area is experiencing ongoing development, attracting both local and international investors seeking to capitalize on the region's tourism and economic growth.

3. Tourism Growth: Famagusta is a popular tourist destination, attracting visitors from around the world. The city's stunning beaches and vibrant atmosphere make it an appealing choice for travellers, ensuring a steady demand for rental properties and holiday homes.

4. Strategic Location: Famagusta's location is advantageous, offering easy access to nearby amenities and attractions. The city is well-connected to Larnaca airport and is home to other popular destinations such as Ayia Napa and Protaras.

5. Quality of Life: Famagusta offers an excellent quality of life, with a relaxed and welcoming atmosphere. The city provides a range of amenities, including shopping streets, restaurants, and entertainment options, ensuring a comfortable and convenient lifestyle for residents.

6. Affordable Property Prices: Compared to some other Mediterranean destinations, Famagusta's property prices are relatively affordable. This affordability, combined with the potential for growth, presents an enticing opportunity for buyers looking to invest in a promising real estate market.

7. Investment Incentives: The Cypriot government offers various incentives for property buyers, such as citizenship programs and tax benefits. These incentives can further enhance the financial appeal of investing in Famagusta.

8. Stability and Security: Cyprus is known for its political stability and security, providing a safe environment for residents and investors alike. Famagusta, specifically, has a low crime rate, ensuring peace of mind for property owners.

In summary, Famagusta on the Greek side of Cyprus offers an attractive package for property investment. Its stunning beaches, rich history, growing tourism industry, strategic location, educational opportunities, affordable property prices, and quality of life make it a compelling choice for those seeking to make a sound investment