Investment 275 m² in Paralimni, Cyprus

This property corresponds to the half share of the plot, which relates to a 2-story residential building (parking spaces on the ground floor and 2 more floors), located in a quiet residential area in Paralimni Municipality in Famagusta district. The area of the property is characterized by residential developments. The proximity of the property to services and amenities is considered an advantage as it can be found close to all amenities and schools but also close to the best beaches in Cyprus. The building is built on the easter part of the plot, is well maintained, and consists of a basement with 4 covered parking spaces and a common barbeque area with a kitchen and a toilet, and 2 more floors with 4 1-bedrooms, plus their communal roof garden on top of the building.  The internal covered area of ​​the building is approximately 275sq.m. The building can be easily rented out either in the long-term or short-term, making it an ideal investment opportunity for possible investors.  The ROI can reach up to 7% for long-term options or even more for short-term options. Generally, Paralimni includes Pernera and Protaras areas, which are classed as the hub of the East Coast as Paralimni has boomed in recent years from a rural community into a progressive town.  This is mainly from an array of shops, banks, offices, boutiques, and restaurants. Although popularity and demand have caused expansion in the size of the town, it has managed to retain its rich cultural traditions and the the main square still features coffee shops, parks, and commercial shops which reflect the characteristics of the old village, with the addition of a contemporary twist of modern coffee shops and restaurants. Paralimni’s central position within the East Coast makes it within easy reach of all areas. Protaras, the tourist area of Paralimni and is a very popular tourist resort for local arid foreign tourists. It is an ideal location for holidays and to live a peaceful life. It is a real paradise that is full of life, with golden beaches and crystal clear waters. It combines a pleasant atmosphere and intense nightlife. The impressive natural beauty of Protaras with its sheltered blue bays, its clear and rich sea, and the well-known sandy beaches on the island make it the ideal choice for unforgettable memories. The area of Protaras has a panoramic view of the sea.