425m² Building for Sale in Kato Paphos
- ID: 241698
- Posted: 2 years ago
- Modified: 1 week ago
- 6+
- 5+
- Pre-Owned
- 425m²
Price History
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.
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