Building - Ref. No. 23338

Ref. No. 23338 Building

€1,200,000 No VAT
Kato Paphos Paphos
Building Commercial
2 Bedrooms
420m² Covered
807m² Plot
Property Consultant Gareth Ronweil


Property Features

Air Conditioning
Barbeque Area
Beach: Walking distance
Furnished - Fully
Garden
No VAT
Parking - 1 Covered
Sea views
Title Deeds - Available
Town: Walking distance


Description

This unique building, located in the prime area of Kato Paphos, offers a rare combination of charm, potential, and functionality. Perfectly situated near the sea, this property is an excellent choice for investors or developers seeking a lucrative project in one of Cyprus's most desirable locations.

Key Features:

  • Property Composition:
    • 6 well-designed maisonettes:
      • 4 two-bedroom units
      • 2 one-bedroom units
    • A fully equipped reception area, ideal for tourism or management operations.
  • Plot Details:
    • Total plot includes a beautifully maintained garden and covered parking for residents or guests.
    • Adjacent to a green area, offering serene views and added privacy.
    • Title deed available for secure ownership.
  • Building Details:
    • Built in 1992 with solid construction and well-maintained infrastructure.
    • Approved certificate and operational license from the Cyprus Tourism Organization (CTO) ensure smooth business functionality.
  • Prime Location:
    • Located in the heart of Kato Paphos, a short distance from the sea and vibrant local amenities.
    • Quiet surroundings with beautiful views, making it a desirable retreat for guests or residents.
  • Development Potential:
    • Opportunity to expand by adding more apartments or an additional floor.
    • Ideal for renovation into a modern boutique hotel, luxury apartments, or a unique hospitality project.

This property is an exceptional investment with endless possibilities, combining prime location, existing tourism licensing, and potential for expansion or redevelopment.

L.N 151/E , R.N 1106