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Pay in USD and save up to $62,521Nine-Bedroom Building in Kato Paphos + Permits for 3 More – Investor’s Dream!
? Prime Location – Walk to AUB, Kings Avenue Mall & the Beach
An exceptional investment opportunity in the heart of Kato Paphos! This fully let building comprises nine one-bedroom apartments, ideally located within walking distance of the upcoming American University of Beirut (AUB), local amenities, and major tourist attractions like Kings Avenue Mall and the city center.
? Property Highlights:
Net Covered Area: Approx. 425 m²
Planning Zone: Κα5 (Residential)
Building Density: 100%
Coverage Coefficient: 50%
Max Floors: 3
Max Height: 13.5 meters
Covered Parking included
Separate Title Deeds for each apartment
Currently, all nine apartments are rented long-term, generating a stable annual income of €63,000.
? Value-Add Potential:
Approved building permits for a third floor
Potential to add three additional apartments
Opportunity to increase rental income through short-term rentals (e.g., Airbnb)
Significant capital appreciation potential after renovation and expansion
This is a rare chance to acquire a high-potential investment property with steady income, development rights, and long-term flexibility.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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