A MEDITERRANEAN RETAIL PROPERTY AND REAL ESTATE INVESTMENT OPORTUNITY IN FAMAGUSTA NORTHERN CYPRUS.
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 on offer.
- Pre 74 title deeds
- Over 900m² covered area
- 54 retail units
- Top location
- Ripe for development
- Excellent investment
- Unique opportunity
- Rental income
The property
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 two streets.
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.
The location
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 opportunity