Description

Premier investment opportunity in Derynia A rare and lucrative investment opportunity in Deryneia, Cyprus: a substantial commercial building spanning 1,950 square meters, perfectly suited for a high-yield hospitality business or a large-scale residential conversion. This property is available for a price of €3,500,000, representing an exceptional value in the current market. ​A Foundational Asset for Capital Appreciation: This property's investment value is rooted in its large scale and prime location in the Famagusta district, which saw a significant 11% year-on-year increase in residential property prices in 2024. The building comprises two upper floors and a vast basement, each measuring 650 square meters. The additional 650 square meter rooftop offers significant development potential for a pool, a rooftop lounge, or a new floor, providing an an immediate pathway to increasing the property's overall value and future resale price. ​High-Yield Potential from Day One: Currently configured as a guesthouse with 22 distinct rooms and extensive communal areas, this property is a ready-to-operate asset. The new owner can immediately capitalize on the strong rental market in the Paralimni district, which sees high demand from tourists and long-term residents. The property's layout allows for various profitable business models, from a boutique hotel to a wellness retreat or a specialized care facility. The included amenities and infrastructure make it a low-cost entry into a thriving sector. ​Strategic Location for Long-Term Growth: The Deryneia and greater Famagusta region is a cornerstone of Cyprus's tourism industry, with the municipality of Paralimni-Deryneia expecting a 6% increase in tourist arrivals this year. The area is positioned to benefit from this growth, offering both a stable income stream from rentals and strong potential for capital appreciation over time. The stunning panoramic views from the rooftop further enhance its desirability and market value. ​This is an excellent chance to acquire a unique, high-potential asset in one of Cyprus's most promising markets. For a detailed prospectus or to arrange a private viewing, please contact us.