Site Site only - For Sale - 18 Bedrooms

Block of 18 apartments set on 1377m2 plot in the heart of Ayia Napa with TITLE DEEDS

Castalia Hotel Apartments are situated in the famous resort of Ayia Napa, within walking distance to bars, restaurants, banks, supermarkets, schools and clinics. The block of apartments consists of eighteen apartments all 40m2 one bedroom with 10m2 veranda and divided between ground floor, first floor and 2nd floor. Boasting an office/restaurant, large reception which could be used as intended or converted into two more spacious apartments. The apartment block also has a communal pool however this pool has been filled but can easily be renovated to make a fantastic communal area for all to enjoy.
The apartments were built in the early 1980s some of the apartments do still have the original features. The building held a Cyprus Tourism Organization license and was officially classified as Hotel Apartments Category B. The property offers a great opportunity for holiday rentals or even yearly rental with the demand in this area being very high throughout the year.

A fantastic renovation project for someone with the vision to enhance an apartment block with massive potential. Being located in THE HEART OF AYIA NAPA the apartments will offer a great rental potential to all nationalities throughout the whole of the year.

Ayia Napa

Ayia Napa is centred round the beautiful harbour and monastery and truly has something for everyone. From gourmet restaurants, white sand beaches, a wealth of family activities and top rated clubs and bars you will be surprised and delighted with the village. Over recent years, the resort has been significantly upgraded and the investment is truly paying dividends. Also, Ayia Napa is a lively destination all year round.

Spring brings Easter and the first of many exciting festival celebrations which continue throughout the year. Each festival reflects historic, cultural and agricultural traditions of the area and always include delicious delicacies and traditional Cypriot folk dancing. Surprisingly Ayia Napa properties for sale have a high rental demand throughout the year due to it being a busy holiday resort for all nationalities during the summer and in the winter many Scandinavians retreat to the resort for a few months.