The building is ideally located in Kato Paphos, within walking distance from the upcoming American University of Beirut and many local amenities. It also offers easy access to popular tourist destinations, including the Kings Avenue Mall and the city center.
The building has a net cover covered area of approx. 425 sq.m and falls within the residential planning zone ka5, having building density 100% and coverage coefficient 50% ,3 floors and maximum height of 13.5m.
It consists nine one-bedroom apartments, a covered parking area, which are currently rented for long term with an annual rental income of 47k.
It has the potential to be renovated and rented for long-term or short term, as it has the building permits for a third floor with four more apartments, which will increase the value and the annual income.
The building for sale is a secure and excellent investment opportunity, as each apartment has its own separate title deeds.
Contact us for more info and to arrange a viewing.
