Investment Opportunity – Renovated Ground Floor Apartment in the Heart of Ayia Napa
Description
Located in one of Ayia Napa's most desirable areas, this beautifully renovated apartment with title deed offers an exceptional combination of lifestyle, convenience, and investment potential. Just a short walk from the beach and situated moments away from the town's vibrant main street with its restaurants, cafés, bars, and shops, the property is perfectly positioned for both holiday rentals and year-round living.
The apartment, originally built around 1990, is situated on the ground floor of a well-maintained three-storey building. It offers 84 m² of internal living space and benefits from an impressive amount of private outdoor space, including two spacious terraces (approximately 35 m² and 18 m²), a 30 m² private garden, and private covered parking for two vehicles.
A complete renovation was carried out in 2017, transforming the property's layout to maximize both comfort and rental appeal. The apartment now features two separate bedrooms, each with its own private bathroom, new flooring throughout, and modern furnishings. The only original feature retained is the kitchen.
Further upgrades completed in 2022 include:
Three new air conditioning units.
New windows in both bedrooms and the bathroom.
A new dishwasher and washing machine.
Additionally, a heat recovery ventilation (MVHR) system was installed approximately one year ago, providing improved air quality and energy efficiency across three rooms.
Excellent Investment Potential
One of the property's most attractive features is its flexible layout, which offers the possibility of converting the apartment into two self-contained one-bedroom units (subject to any required approvals). This creates an outstanding opportunity to significantly increase rental income by targeting short-term holiday rentals or long-term tenants separately.
Whether you are looking for a holiday home, a permanent residence, or a high-yield investment property in one of Cyprus' most popular tourist destinations, this apartment represents a rare opportunity in an unbeatable location.
Overview
- Property ID 2743
- City Ayia Napa
- Area Nissi Beach
- Price € 275000
- Bedrooms 2
- Bathrooms 2
- Covered Area 84
- Open Verandas 2
- Total Plot Area 167