Prime Mixed-Use Building in the Heart of Paphos – Ideal Investment Opportunity for sale

  • Pafos, Paphos
  • 12 Beds
  • 6 Baths
  • Ref: 28575
€740,000
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Property details

  • Property type: Apartment Building
  • Covered area: 690 mΒ²
  • Plot area: 586 mΒ²
  • Covered veranda area: 110 mΒ²
  • Bedrooms: 12
  • Bathrooms: 6
  • Floor: Ground floor
  • Floors: 3
  • Title deed: Land

Other information

  • Furnished: Unfurnished
  • Status: Resale
  • Energy efficiency rating: Pending

Property description

πŸ’° Reduced from €950,000 to €740,000 (Non-Negotiable) (Maybe subject to VAT)

Discover an exceptional investment opportunity with this mixed-use building located in the heart of Paphos town. Offering a blend of commercial and residential spaces, this property is ideal for investors looking to maximize rental income or undertake a renovation project to enhance its value.

Property Features:

Ground Floor: 2 retail shops with a total area of 150mΒ², perfect for commercial use.
Second & Third Floor: 4 spacious three-bedroom apartments with a total indoor area of 540mΒ² and 110mΒ² covered verandas.
Underground Parking & Storage: Ample space for multiple vehicles and additional storage facilities.
Renovation Potential: The property requires refurbishment, offering the opportunity to reconfigure or upgrade the layout to suit market demands.

With its prime location, versatile layout, and strong investment potential, this property presents a rare opportunity for investors with a vision.

*There is no final approval /or separate titles for the flats or shops, although the building has building
permits. You need to do the procedure again and adjust the building accordingly.
Condition of the building: This building was built using high quality materials and stands strong for its age. A renovation is highly advisable.

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