A MEDITERRANEAN RETAIL PROPERTY AND REAL ESTATE INVESTMENT OPORTUNITY IN FAMAGUSTA
An incredible opportunity has arisen to purchase a large number of shopping units
within the walls of the historic old town of Famagusta. The property covers over
900m² and consists of 54 retail units with some having frontage onto Namık Kemal
Square at the heart of the town and a focal point for all that visit this amazing
town, There are also and two side entrances into the covered shopping precinct and
frontage onto the pedestrianised shopping area and an access road. Although a number
of the units are currently rented to retailers providing an income, the property
is ideal for development and could be used for a number of uses.
This is a truly unique property in a prime location, an opportunity not to be missed.
Please contact us in the first instance in order to investigate the scale of potential
Pre 74 title deeds
Over 900m² covered area
54 retail units
Ripe for development
The parade of shops can be entered either from the pedestrianised shopping street
or the road that runs parallel to this as the property is positioned between the
The pedestrianised entrance is located between two shop units and the internal walk
way runs through and around the property with shopping units running on either side
and exiting through the road entrance.
The prime units have frontage onto the famous Kemal Square opposite the famous Lala
Mustafa Paşa mosque a must for all that visit Famagusta. While some of the shops
are rented and trading the remaining units do need updating.
Famagusta offers a variety of shops from clothing and gifts to home stores, the Old
Town has a number of specialised souvenir shops for those looking for traditional
handcrafted items. There is a wide variety of restaurants both in the old city as
well as in the modern city. Those in the old city are mostly located around the Namık
Kemal Square and in the modern town, most restaurants and bars are located on the
"Salamis Road". Famagusta Quayside (locally known as Palm Beach) has become very
popular over the years since the restoration of the area. There are a number of cafés
and restaurants to choose from offering drinks and snacks and a fantastic sandy beach
with good facilities and water sports in the summer months. It is now possible to
cross freely into Southern Cyprus, you can cross the green line at the nearby border
crossing located inside the British sovereign base at Agios Nikolaos.
Please CONTACT US quoting reference HP0990 for more on this North Cyprus business
The price guide for this extremely unusual business and investment opportunity is
£1,700,000 GBP. With pre-1974 Turkish Title deeds the real estate value and business
possibilities in this most unique of locations is truly extraordinary.