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Building
Paphos Municipality, Paphos

€5,000,000  ($5,692,569)

Waterfront properties

Waterfront properties

Licence No. 619/E, Registration No. 1388

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $199,240

Average Bank Rate (€5,000,000)
1 USD = 0.8486 EUR
$5,891,809

Mid-market rate (€5,000,000)
1 USD = 0.8783 EUR
$5,692,569

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 8959229 (SL23217)
  • Plot: 793 sqm
  • Airport: 15 min drive
  • Beach: 10 min drive
  • Golf: 15 min Drive
  • Town: Walking distance
  • Reduced

Description

The development is situated in an exceptionally advantageous location and boasts easy accessibility via Dimokratias andAnexartisias avenues, merely a minute's drive from the highway, facilitating connectivity to other cities The beach isconveniently reachable within a 5 minute drive. The surrounding area encompasses shopping malls, supermarkets, hospitals, universities, and schools Notably, the area has experienced a significant surge in various investments focused on commercial developments.
The development comprises FIVE plots. The initial plot was used for the construction of the building, while the remaining four plotscollectively provide space for a total of 72 parking spaces. This exceptional 9 floor building is designed with a distinctive architectural feature, setting it apart from traditional structures. Each floor boasts a spacious and open layout without the presence of columns in the middle. The structural integrity is achieved through strategically placed load bearing walls, providing not only a modern aesthetic but also maximizing the flexibility of interior spaces. This design innovation enhances the overall functionality, making it a standout choice for prospective buyers. The versatility of the development and the open plan design, allows the building to have many potential uses such as retail, offices, medical center, student accommodation, school, university, and more.
Building features:
2 Elevators (1 panoramic)Fully Airconditioned2 emergency staircases (1 indoor, 1 outdoor)10 toilets | 2 bathroomsRoof garden areaFully functional commercial kitchenExtensive emergency fire systemsServer RoomK NX lighting controlFull sound system
The entirety of the building is presently utilized by the owners as a retail department store. The ground floor features a cafeteria equipped with a fully operational commercial kitchen.
Total land area: 3176 m²Building Plot: 793 m²Building Size: 3771 m²

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

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.

Transfer fees
If buying as an individual
€196,600 ($223,832)
If buying on joint names
€193,200 ($219,961)

Disclaimer - Property reference 8959229. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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