Whole Building with 15 Studio Apartments in Gazimağusa
£1,110,000£1,110/m²
North Cyprus, North Cyprus, Cyprus
15
bedrooms
15
bathrooms
1,000 m²
interior
1,400 m²
plot
House
property type
1 week ago
listed
The Habio take
AI summaryThis substantial building in Gazimağusa features 15 studio apartments, making it an ideal investment opportunity. Located just 50 metres from Salamis Street and in close proximity to several universities and local beaches.
- investment
- rental income
- city
- beach
Highlights
- 15 studio apartments
- Proximity to multiple universities
- 50 m from Salamis Street
- Investment potential
- Includes commercial shops beneath the building
Worth knowing
- Old elevator infrastructure may require updating
- Potential for renovation needed in older sections
Good fit for: Ideal for investors looking for rental income in a university area.
Lifestyle scores
- Beach
- 70
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 55
- Airport access
- 80
- Investment
- 85
- Luxury
- 50
- Value
- 60
About this place
This whole building for sale is situated 50 metres from Salamis Street in Gazimağusa, North Cyprus. Encompassing an internal area of 1,000 m² on a plot size of 1,400 m², it contains 15 studio apartments, which provide ample accommodation options. There is also one large and one small shop located beneath the apartments, offering potential for additional income or business opportunities.
What this place offers
- elevator
- furnished
Buying property in Cyprus
The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.
Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.
Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.
Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio
Always check the latest legal requirements and fees.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
