Commercial Mixed Use For Sale In Deryneia, Famagusta, Cyprus

Block of apartments including 6 studios, a 2 bedroom apartment and a shop unit, set over 2 floors, in prime location on the high street in Deryneia - DER192

Located in a prime position on Deryneia high street, this property presents an exceptional opportunity for buyers seeking a reliable and profitable rental investment. Its central location offers excellent visibility and immediate access to the village`s many amenities, making it highly appealing to both commercial and residential tenants.

The property features a versatile 76m2 shop unit or office space complete with toilet facilities and a separate kitchen area, ideal for a variety of business uses. Its direct street frontage ensures maximum exposure, while the internal layout provides flexibility for different commercial setups.

The building comprises of six well maintained studio apartments ranging from 28-30m2 and one spacious 95m2 two bedroom apartment, all of which are currently occupied by long-standing tenants. Each unit has demonstrated steady rental income, offering the buyer an immediate and proven return on investment. With residential demand in the area consistently high, the building delivers an attractive blend of stability and ongoing rental potential.

Additional benefits include roof access and plentiful parking, a significant advantage for both residents and commercial visitors. The generous plot size of 532m² offers ample space around the building and contributes to the overall value and appeal of the property.

This is a rare chance to acquire a multi-unit building in a sought-after location - ideal for investors seeking a solid, long-term return.

Viewings by appointment.

DERYNEIA

Deryneia is the second largest town in Famagusta, now linked with the main town of Paralimni. Although very close to Paralimni it has a very different identity and unique charm. Typically residents work in agriculture, crafts and farming or in the hospitality industry. Deryneia is probably most famous for Strawberries, and produces over 60% of the total production on the Island. The strawberry festival, held every 2 years, is probably the most well known and brings thousands of visitors from the surrounding areas to sample the local delights and join in with the traditional dancing.

The Cultural Centre is a must see for tourists and locals alike as it tells the story of the history of the area and overlooks the Ghost town of Famagusta in Northern Cyprus. Deryneia is also a gateway to the occupied areas in the North and just a 10 minute drive to Famagusta town.

ABOUT THE FAMAGUSTA REGION

Whether you are planning to visit the Famagusta region of the Republic of Cyprus for the first time or you are already in love with the area, there is something here for everyone.

The area is not known as the Jewel of the Eastern Mediterranean` for nothing! From the stunning cliffs of Cavo Greko (the most Easterly point of Europe) to quaint inland villages, to the 44 (yes 44!) white sandy Blue Flag beaches, the area holds something for every palette. We have beautiful nature trails, water sports galore, amazing fresh cuisine, nightlife, one of the top waterparks in Europe, fishing harbours, a world class Marina and the list goes on and on! You are never far from anywhere in Famagusta, a maximum 15 minute drive to the nearest beach from even the most inland villages.

Thousands of expats of all nationalities have made Cyprus their home over the years due to the warm local welcome, fantastic climate and host of things to do. The bustling cities of Limassol, Larnaca and Nicosia are just over an hour away but here you can enjoy a more relaxed pace of life. Crime rates are amongst the lowest in Europe, English and Russian are widely spoken and there is always time for a chat, a coffee or a glass of wine in the sunshine. We look forward to introducing you to hidden gems of the area on your next visit.

ISLAND HOMES ESTATE AGENTS

Island Homes have been working with both local and overseas buyers and sellers for over 20 years. We specialise in property sales in the Famagusta region with seaside properties from Protaras to Ayia Napa; major towns including Paralimni and Deryneia and also covering all of the beautiful red soil villages` including Xylofagou, Vrysoulles, Frenaros, Avgorou, Dasaki Achna and Sotira.

All of our team live locally and have worked together for many, many years. We are also all immigrants to Cyprus and property owners ourselves so can guarantee that we have lived through the same experiences as that of our clients. We have in-depth knowledge of the area, the facilities, the amenities and, of course, every one of the properties that we advertise for sale.

Prior to advertising we undertake a full due diligence on every home to ensure that we can fully inform our clients about the legal status of each house or apartment.

Our reputation is hugely important to us so, for a truly personal experience, contact us and we will work together to find your dream home!



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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Utilities
Electric: Unknown
Gas: Unknown
Water: Unknown
Sewerage: Unknown
Broadband: Unknown
Telephone: Unknown

Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: Yes
Garage: No