Residential Building 2,217 SQM For Sale

€3,099,900

Paphos City Centre, Paphos

Location on the map is not accurate.
ID: 14833

Key Facts

  • 2,217 m² Covered Area
  • 1,545 m² Land Size
  • Title Deed: Available
More Facts
  • Covered verandas: 179m2
INVESTMENT OPPORTUNITY FOR SALE IN CENTRAL – PAPHOS

Project Details: Located in the Center of the Old Town of Paphos, Archiepiskopou Makariou the third.

Property Details:

-SHOPS & APARTMENTS
-3 BIG SHOPS & 20
-APARTMENTS

At the Heart of the old Paphos town is a Building for sale with 3 big shops and 20 Apartments in 3 floors with private entrance and elevator is availble for sale. The ultimate investment opportunity especially with a shortage of rental properties in the market at the current moment this is the ideal investment for turning this building to a boutique hotel of 2 star or 3 star.

Each apartment is very spacious and includes an open plan dining, living and kitchen area. All bedrooms are double.

There are separate Title Deeds for each unit.

The Center of Old Town is being renovated completely last year due to Paphos being a European Capital of Culture and attracts all the tourists in the area. The
area offers traditional and modern aspects of Cyprus living.

Below are a few details of the plot, shops and apartments for sale:

1. Plot size: 1,545m²

2. Total Covered Area of the Building: 2,217m²
3. Total Covered Veranda 179m²
4. Three Shops :
• Total Covered area of 228m²

5. 20 Apartments of :
• Total Covered Area: 2,217m²
• Total Covered Varandas: 179m²

*Note: A 2 or 3 star Boutique Hotel Permit can be granted after Renovation.
*Note: 350 meters there is a second Block of Apartments and shops that can be partnered.

Indoor Features

  • Fitted Kitchen
  • Master Bed
  • Open-plan

Outdoor Features

  • On Street Parking

Property Views

  • City view

Transfer Fees

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This property is advertised by Zyprus Property Group licensed estate agency with CREA Reg No. 742 and CREA Lic No. 378/E