Building for sale in one of the best areas in Kato Paphos, near the Kings Avenue mall and the famous universal area. Also near the The American University of Beirut – Mediterraneo in Pafos!

The building consists of 9 x 1 bedroom apartments. The building has three levels crown floor first floor in second floor but there is provision for third floor. Actually we made plans and permits with an architect for the extra third floor which will be consistent of 2 x 2 bedrooms apartments and 1 x 1 bedroom apartment. These extra additions and provisions make this property unique and excellent investment opportunity with very good potential and high capital appreciation!

1-2 min drive from Kings Avenue Mall, the Universal area, and the new American University in Kato Paphos.

The 9 apartments for sale have separate title deeds.

All the apartments are with 1 bedroom and 1 bathroom.

Covered areas: 525m2
Land area: 525m2

There is no lift. There are two floors. The parkings are covered.

All the apartments are being rented as follows:

5 apartments x 400 euro/ month.
1 apartment x 500 euro / month.
1 apartment x 380 euro/ month.
1 apartment x 480 euro/ month.
1 apartment x 450 euro/ month.

There is no VAT.

Year Built: 1994

Very good potential for an investor to buy to let or to renovate/ upgrade and sell.

For more info please contact us