Bazaraki
Property 6348878
Famagusta · EUR 1,200,000 · Unknown type
1991-built apartment block that sits on a spacious 1,851 m² plot in the Εβ7 planning zone, offering substantial development potential. Building Density: 90% Coverage Ratio: 50% Max Height: 10 meters Max Floors: 2 Two investment strategies to suit different investor profiles: Renovate existing units, including shop-to-apartment conversions, for fast rental income. Renovate existing units and build additional apartments using remaining building density, maximizing long-term return on investment. Located in the highly sought-after Kapparis area, just a 10-minute walk from the nearest beach and within steps of bus stops, shops, restaurants, and pubs that operate year-round. The main road in front of the project is currently undergoing upgrades, including new pavements, dedicated bicycle lanes, and improved street lighting, enhancing accessibility and appeal.
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