Three-Storey Mixed-Use Building with Independent Residence in Deryneia

The property for sale comprises a three-storey mixed-use building and a separate ground-floor residence, located in the Municipality of Deryneia, in an excellent and highly sought-after location.

The property is ideally situated close to a wide range of services and amenities, including supermarkets, retail shops, restaurants, schools, and more. It also benefits from excellent access to neighboring communities and municipalities, making it highly convenient for both residential and commercial use.

The detached residence, constructed around 1985, consists of a kitchen, open-plan living and dining area, guest WC, four bedrooms, and a main bathroom with WC. It offers approximately 150 sq.m. of internal covered areas, in addition to 12 sq.m. of covered verandas and 12 sq.m. of uncovered verandas.

The mixed-use building occupies a corner plot and was constructed around 1993. It is arranged over a basement, ground floor, mezzanine, and two upper floors.
➜ The ground floor features a large retail shop with a mezzanine level.
➜ The first and second floors comprise a total of 10 apartments (5 apartments per floor), consisting of four one-bedroom apartments and six studio apartments.
➜ It is noted that the five apartments on the second floor are incomplete, currently at the plastering stage.
➜ The basement includes parking areas and storage spaces.

In terms of areas:
➜ Basement: approximately 300 sq.m.
➜ Retail shop: approximately 250 sq.m., plus 126 sq.m. mezzanine
➜ First and second floors: approximately 260 sq.m. each, plus 60 sq.m. of covered verandas per floor

The property has a share of the land.

Overall, this is an excellent investment opportunity, combining residential and commercial elements in a prime location.
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Deryneia
Deryneia, located on the north-east side of the island, offers a peaceful residential setting with easy access to the sandy beaches of Ayia Napa (11.4 km) and Protaras (6.1 km). Surrounded by shops, restaurants, schools, and more, it’s perfect for those seeking a quiet retreat or a place to retire. The area is rich in culture, with attractions like the Famagusta Viewpoint, the Outdoor Folk Art Museum, and the Cultural Centre of Occupied Famagusta. The biannual Strawberry Festival also draws visitors, enhancing Deryneia’s charm and appeal.