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COMMERCIAL

Famagusta, Kapparis, Cyprus

£1,033,320
€1,200,000
Plus Wise Estates, Famagusta
PROPERTY TYPE

Residential Development

SIZE

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Description

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.

Famagusta, Kapparis, Cyprus

NEAREST AIRPORTS

Distances are straight line measurements
  • Larnaka(International)
    25.2 miles
  • Ercan(Local)
    30.0 miles
  • Pafos(International)
    89.9 miles

Advice on buying Cypriot property

Learn everything you need to know to successfully find and buy a property in Cyprus.

About Plus Wise Estates, Famagusta

Plus Wise Estates is a premier real estate agency in Cyprus, specializing in high-quality property sales, rentals, and investment opportunities across the island. Our experienced team offers a full range of real estate services, including residential and commercial property listings in top locations such as Limassol, Nicosia, and Paphos. With a commitment to personalized service, Plus Wise Estates helps clients navigate the Cyprus property market, whether they’re looking to buy, sell, or invest in real estate. Trust our expertise to find the ideal property in Cyprus tailored to your needs.

Notes

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This is a property advertisement provided and maintained by Plus Wise Estates, Famagusta (reference 3790) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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