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Tourist Area Building with Expansion Potential and Separate Titles

  • €1,390,000
Kato Paphos, Paphos

Tourist Area Building with Expansion Potential and Separate Titles

Kato Paphos, Paphos
  • €1,390,000
For Sale Investment Opportunity

Tourist Area Building with Expansion Potential and Separate Titles

Kato Paphos, Paphos
  • €1,390,000
For Sale Investment Opportunity

Property ID

  • 10293
  • 10293
  • Building
  • 10293

Tourist Area Building with Expansion Potential and Separate Titles

Kato Paphos, Paphos
  • €1,390,000
  • 10293
  • Building

Tourist Area Building with Expansion Potential and Separate Titles

Kato Paphos, Paphos
  • €1,390,000

Description

An enticing investment opportunity awaits in the heart of the tourist area! This building, conveniently located within walking distance to the sea, stands just 500 meters away from the mall, providing a prime location for potential tenants and visitors. Moreover, its proximity to the new universities of Paphos and various amenities enhances its appeal.

Situated on a 550sqm plot, the building comprises 9 apartments with a total covered area of 440sqm. A recent renovation in 2019 ensures modern and well-maintained interiors. With a 120% building density and a coverage ratio of 90%, there is also the exciting prospect of adding one more floor to maximize the property’s potential.

Each apartment comes with separated titles, offering flexibility and ease in property management. The presence of basement parking further enhances the convenience and accessibility of the building. Additionally, there is an allowance for the construction of one more floor, presenting an opportunity for expansion or development. This investment presents a strategic and versatile option in a sought-after location.

Features

  • Building
  • Property Type
  • 550
  • Lot m²
Hauson Realty
  • Hauson Realty

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Hauson Realty
  • Hauson Realty