INVESTMENT OPPORTUNITY FOR SALE IN CENTRAL – PAPHOS - SHOPS & BLOCK OF APARTMENTS FOR SALE

Post# A572612 · Paphos, Cyprus · Posted by: cyprusidealhomes

Project Details: Located in the Center of the Old Town of Paphos, Archiepiskopou Makariou the third.
Property Details:
Property Type:
Property Subtype: SHOPS & APARTMENTS 3 BIG SHOPS & 20 APARTMENTS
At the Heart of the old Paphos town is aBuilding for sale with 3 big shops and 20Apartments 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. Othere separate Title Deeds for each unit.The Center of Old Town is beingrenovated 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 aspectsof Cyprus living.
Below are a few details of the plot, shops and apartments for sale:
1.Plot size: 1,545m²2.Total Covered Area of the Building: 2,217m²3.Total Covered Veranda 179m²
4.Three Shops :
•TotalCovered 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.

Price
EUR : 3099000.00

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