Buildings FOR SALE
in Famagusta, Ayia Napa
REF. NO. 52966

An exceptional hotel apartment investment opportunity located in the heart of Ayia Napa, Famagusta. Family-owned and successfully operated since 1980, this established property enjoys a prime location within walking distance of Ayia Napa’s vibrant entertainment district, offering easy access to a wide selection of restaurants, bars, cafés, shops and other amenities, while the nearest sandy beach is just a five-minute walk away. The property currently comprises 93 hotel apartments, including 48 studios, 37 one-bedroom apartments and 8 two-bedroom apartments, situated on a generous 6,848 m² plot, with an existing project cover area of approximately 6,513 m². Furthermore, planning permission has been granted for redevelopment into a modern 3-star hotel featuring approximately 167 rooms and a total covered area of 13,808 m², offering significant potential to enhance the property's value and profitability. The proposed development includes full-board facilities, a mini market, outdoor swimming pool and leisure areas, wellness and spa facilities, a gym, a ballroom suitable for weddings and events, as well as 70 covered parking spaces. This represents a rare investment opportunity in one of Cyprus's most popular tourist destinations, combining an established hospitality business with substantial redevelopment potential.