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3 Bedroom Apartment for Sale in Paphos District

3 Bedroom Apartment for Sale in Paphos District

Posted: 7 months ago
Modified: 2 months ago
Views: 7

3
2
Brand New
110m²

€635 000
+ VAT

Price per m²

€5773/m²

VAT

Not Included in Price

VAT for this property is €31,750 (Reduced 5% rate) or €120,650 (Full 19% rate). VAT usually is 19%. If it is your first purchase of property, you can have VAT reduced to 5% for the first 150sq.m. of the property.

Title Transfer Fee

Ref. #: 4498

Covered Veranda: 40 m²
Uncovered Veranda: 45 m²

The investment project involves the acquisition of a project under construction in the heart of the city of Paphos, just a few minutes’ walk from the Kings Avenue shopping center, bars and restaurants, the old market and the beach.An ideal project with a yield of 8.4% per annum (IRR), with a payback period of 12 years.

The purpose of the construction of this project is to meet the high demand of consumers for renting inexpensive high-quality housing in conditions of an ever-growing level of visiting employees of the island’s companies.

The house will be built using modern technologies and thoughtful design, with transport accessibility.

Participation in this investment project is a sufficient basis for obtaining a residence permit of the Republic of Cyprus.This amazing modern 4-storey residential complex consists of 7 apartments, six 2-bedroom and one 3-bedroom superior penthouse!