Cyprus Properties for Sale

No VAT is applicable to this property With Title Deeds

The famous serviced beach of Coral Bay and the future Paphos Marina are just 5 minutes’ drive away. It is the ideal choice for Permanent Living and for investment.

Stunning unobstructed Sea and Mountain views

Location:

Strategically situated in the heart of Paphos, offering a central and convenient address.
Within walking distance to the vibrant town center, providing easy access to amenities, shopping, and entertainment.
Adjacent to the recently renovated old market, ensuring a blend of historic charm and modern lifestyle.
Boasts proximity to key attractions, creating an attractive living and working environment for residents and potential visitors.

Project Highlights:

Uniquely designed by one of Cyprus’s top architects, ensuring a modern and distinctive aesthetic.
AirBnB apartments with high-end specifications.
Communal pool catering to the needs of all the apartments.
Total covered area: 746m²

Apartment Configuration:

Basement (approx. 212m²)

Ground Floor (approx. 154.5m²)

Mezzanine Floor (approx. 138m²)

First Floor (approx. 168.40m²)

Roof Top (approx. 72.10m²)

Key Features:

Unique Architectural Design:

Crafted by one of Cyprus’s top architects, the property boasts a modern and distinctive aesthetic, setting it apart in the market.

Proximity to Amenities:

Enjoy the convenience of being within walking distance to the town center and the recently renovated old market.

Versatile Usage Ideas:

AirBnB Conversion:

3D designs showcase the potential for conversion into AirBnB properties. Explore the booming short-term rental market in Paphos.

Coworking Offices:

An alternative investment idea is the conversion into coworking offices, tapping into the demand for flexible and collaborative workspaces.

City Hotel Concept:

Transform the space into a city hotel, offering a blend of luxury and convenience with amenities such as a pool, jacuzzi, gym, and potential retail spaces like shops or a bank.

City Hotel Concept Details:

Pool and Jacuzzi:

Introduce a leisurely experience with a well-designed pool and jacuzzi for guests to unwind and enjoy.

Gym:

Incorporate a fitness facility, providing an added attraction for health-conscious travelers.

Retail Spaces:

Explore the possibility of creating retail spaces within the building, potentially housing shops, a bank, or other convenient amenities for both guests and locals.

Investment Benefits:

Diversified Income Streams:

Versatile usage ideas offer the potential for varied revenue streams, ensuring a resilient and profitable investment.

Strategic Location:

Prime location in the heart of Paphos, attracting both tourists and local businesses.

Conclusion:

This urban development in Paphos presents a unique opportunity for investors seeking a blend of innovation, convenience, and elegance. Explore the diverse possibilities that this property offers, from short-term rentals to coworking spaces and the exciting concept of a city hotel. For further details and a comprehensive discussion, please feel free to contact us. Elevate your investment portfolio with a project that epitomizes modern living and entrepreneurial vision in the vibrant heart of Cyprus.

Location:

Walking distance to the town center and the enchanting old market.
Only 1,430 meters from the sea and the sandy beaches of the Light House, with Paphos Mall just 1km away.
950 meters away from the new American University of Beirut.
1.5 Km from Aspire School.

Project Highlights:

Uniquely designed by one of Cyprus’s top architects, ensuring a modern and distinctive aesthetic.
Luxury apartments with high-end specifications.
Communal pool catering to the needs of the 9 exclusive apartments.
Covered parking for residents.
Plot size: 1100m²
Total covered area: 900m²

Apartment Configuration:

First Floor (Approx. 286m²):

2 Two-bedroom apartments (75m² each)
1 Four-bedroom apartment (136m²)

Second Floor (Approx. 310m²):

4 Two-bedroom apartments (77m² each)

Third Floor (Approx. 307m²):

4 Penthouse apartments with 2 bedrooms (77m² each)

Construction Strategy:

Consider commencing construction upon obtaining approvals for a visible project underway.
Optimal apartment sizes and configurations suggested for market acceptance.

Prices (Excluding VAT):

Two-bedroom (75m²): €232,000
Two-bedroom (77m²): €236,000
Four-bedroom (136m²): €337,000

Inclusive in Prices:

Land cost (excluding legal fees).
Registered plots under a company, minimizing transfer fees.
Plans and permits.
Oversight by our civil engineer.
Communal pool, covered parking, and covered verandas.

Profit Potential:

Selling prices set competitively at €5000 euros per square meter.
Investor’s profit is flexible, aligning with individual investment goals.

Provision for Green Energy Integration:

Solar panels for sustainable energy solutions.
Electric heating options for efficient warmth.
Climate control systems for personalized comfort.

We envision a prosperous partnership with you, creating not just residences but spaces where happiness thrives. Join us in crafting a legacy of luxurious living in Paphos.

Total selling price for all eleven apartments: €2,689,000.

Minimum reservation amount: €20,000.