Six Income-Generating Units. 565 m² Covered Area

A strategic investment. Multiple income streams. Significant potential for growth.

An exceptional opportunity to acquire a 50% share in a strategically located mixed-use development in the heart of Deryneia, comprising specific commercial and residential units allocated under an existing Distribution Agreement.

The property interest on offer includes 2 commercial shops and 4 spacious apartments (two 2-bedroom and two 3-bedroom units), with a total covered internal area of 565 m².

TWO ATTRACTIVE INVESTMENT STRATEGIES

1. BUY, HOLD & GENERATE INCOME
Acquire the entire building and create a diversified rental portfolio, benefiting from potential monthly rental income from both the commercial premises and residential apartments. Six individual units provide multiple income streams within a single investment.

2. BUY, SELL & CAPITALISE ON GROWTH
Acquire the building as a whole and explore the opportunity to sell the individual apartments separately, targeting young couples and families looking to benefit from the Government's Akritiko Scheme, subject to meeting the scheme's eligibility criteria and applicable conditions.

This creates an interesting opportunity to unlock the value of individual units while potentially benefiting from future capital appreciation in an area undergoing continued development.

AN UNBEATABLE LOCATION
Positioned along Eleftherias Avenue, in the centre of Deryneia, the building enjoys excellent accessibility and close proximity to everyday amenities and essential services.

- Walking distance to Deryneia's central square, shops, supermarkets, cafés and local amenities.
- Approximately 650 metres from Famagusta General Hospital.
- Approximately 190 metres from Deryneia Post Office.
- Easy access to schools and the wider Famagusta District.

PROPERTY HIGHLIGHTS
- 2 commercial shops with mezzanines.
- 4 residential apartments.
- Total covered internal area: 565 m².
- Total land area: 1,027 m² (50% undivided share, approximately 513.5 m²).
- 25 metres of frontage along Eleftherias Avenue.
- 10 parking spaces.
- Elevator and basement access.
- Built in 2009.
- Currently vacant – ready for the next investment strategy.

THE BOTTOM LINE
Whether your objective is to build a portfolio generating recurring rental income, unlock value through individual unit sales, or combine both strategies, this property offers the scale, location and flexibility to make it happen.
A rare opportunity to secure a substantial mixed-use property in one of Deryneia's most central locations.