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Commercial property 578 m² in Paphos Municipality, Cyprus

Cyprus, Paphos Municipality
$4,28M
$7,407/m²
;
Commercial property 578 m² in Paphos Municipality, Cyprus
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Address Address
Params Params
Description Description
Media Media
ID: 2189755
Property ID on Realting
In CRM: 4499
ID of the ad on the website or in the company’s CRM
Last update: 08/04/2025

Location

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  • Country
    Cyprus
  • Region
    Paphos District
  • City
    Paphos Municipality
  • Address
    Pentadaktylou

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $7,407/m²
  • Total area
    Total area
    578 m²

Building parameters

  • The year of construction
    The year of construction
    2024
  • Number of floors
    Number of floors
    4

Description

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!

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Cyprus, Paphos Municipality
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Commercial property 578 m² in Paphos Municipality, Cyprus
Cyprus, Paphos Municipality
$4,28M
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