For sale: Nine Bedroom Building in Kato Paphos + Potential for three More – Investor’s Dream!
- Kato Pafos, Paphos
- 9 Beds
- 9 Baths
- Ref: B-122150
€1,290,000
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Property details
- Property type: Apartment Building
- Total covered area: 425 m²
- Plot area: 550 m²
- Covered veranda area: 52 m²
- Bedrooms: 9
- Bathrooms: 9
- Toilets: 9
- Floors: 2
- Parking spaces: 8
- Title deed: Yes
Other information
- Furnished: Partially furnished
- Year of construction: 1996
- Status: Resale
- Energy efficiency rating: Pending
Property description
Nine-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.
Features
- Aircondition, Split system
- Parking, Covered
