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Pay in USD and save up to $27,381Mixed-Use Building at a bargain price located in Paphos, Cyprus
Three-storey commercial building in a very good location in Paphos Municipality.
The property enjoys very good access to the city center and the motorway. It is ideally situated close to a plethora of amenities and services such as the “King’s Avenue Mall”.
The building was constructed around the year 1995. The ground floor consists of a shop with a mezzanine and a basement, while the two upper floors (1st & 2nd floor) consist of 4 office spaces and a communal toilet (on each floor).
The area of the ground floor is 260sqm (approx.), the mezzanine is 110sqm (approx.) and the basement is 130sqm (approx.).
The 1st floor is 193sqm (approx.) plus 70sqm (approx.) of uncovered veranda and the 2nd floor is 193sqm (approx.).
The shop is rented for €1300/month.
It is noted that one of the office space on the 1st floor was converted into a flat and currently it is being rented for €200/month. The remaining units are vacant.
Τhe property has the potential to offer a high yield and it is considered as an ideal choice for investment.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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