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Modern Apartment Block with Penthouse Luxury and Lucrative Rental Income in Central Paphos

  • €4,000,000
Kato Paphos, Paphos

Modern Apartment Block with Penthouse Luxury and Lucrative Rental Income in Central Paphos

Kato Paphos, Paphos
  • €4,000,000
For Sale Investment Opportunity Sold

Modern Apartment Block with Penthouse Luxury and Lucrative Rental Income in Central Paphos

Kato Paphos, Paphos
  • €4,000,000
For Sale Investment Opportunity Sold

Property ID

  • 10377
  • 10377
  • Building, Complex
  • 10377

Modern Apartment Block with Penthouse Luxury and Lucrative Rental Income in Central Paphos

Kato Paphos, Paphos
  • €4,000,000
  • 10377
  • Building, Complex

Modern Apartment Block with Penthouse Luxury and Lucrative Rental Income in Central Paphos

Kato Paphos, Paphos
  • €4,000,000

Description

Presenting a remarkable opportunity in central Paphos, this property comprises a well-appointed 4-floor apartment block featuring a total of 14 flats. The building consists of 12 modern 2-bedroom apartments, each spanning 70-80sqm and boasting expansive covered verandas.

Atop the structure, two exclusive penthouse apartments await, each exceeding 100sqm and comprising 3 bedrooms, a spacious roof terrace, private BBQ facilities, and panoramic sea views. Parking spaces are conveniently available for all units, with additional parking and storage provided in the large underground garage.

Adding to the allure, a communal pool and BBQ area adorn the yard, offering residents a relaxing retreat in the comfort of their own residence. The property, boasting a 10-year-old construction, remains in excellent condition, characterized by a marble entrance and lobby, along with a German-engineered elevator.

Inside, the apartments exude a sense of brightness and spaciousness, featuring modern bathrooms, air conditioning, built-in wardrobes, and fully equipped kitchens complete with all necessary appliances. Each unit is equipped with its own separate electricity meter and water counter, ensuring convenience and autonomy for residents.

With a covered area spanning 1500sqm and an additional 700sqm dedicated to underground parking and storage, this property offers both ample living space and practicality.

Currently generating a yearly income of €250.000 offers a great Rental Yield of 6-7%. Its an opportunity for an investor who seek to invest in Cyprus and benefit from day one of income, ROI or who wants to diversify its portfolio with fixed assets, to bring him a secure, steady, great income and to benefit on long term of apprectiation due to the strategic location of the building.

Features

  • Building, Complex
  • Property Type
  • 1024
  • 1500
  • Lot m²
  • 2014
  • Year Built
  • 4
  • Floors
  • City, Sea
  • View
Hauson Realty
  • Hauson Realty

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Disclaimer: Hauson Realty makes no representation, warranty or guaranty as to accuracy of any data contained herein, and advises interested parties to confirm all information before relying on it for a purchase decision. All information provided has been obtained from sources believed reliable, but may be subject to errors, omissions, change of price, prior sale, or withdrawal without notice. Measurements and square meters (footages) are approximate and may be verified by consulting an appraiser or architect. The content set forth on this website is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; unlawful use, distribution or duplication is strictly prohibited and may violate relevant European Union and Cyprus Law.

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