Building For Sale With Class “A” Tenant, Paphos ~ EIC185S

Property description:

Property Price: € 1,600,000
Location: Paphos, Cyprus
Sale Category: Commercial Freehold Property
Property Type: Building
Price: €1.600.000
Covered Area: 540m2
Plot Size: 523m2
Criteria for Cyprus Citizenship-by-Investment Program:  No

Area Info:
The building is located on Apostolou Pavlou avenue, in the city of Paphos, the ‘’European Capital of Culture 2017’’. Apostolou Pavlou avenue, is one of ​the most important and busiest commercial roads in Paphos, with each and every one of its buildings, to be the most popular and desirable real estate units. Alongside this avenue, the various buildings host banks, offices, show rooms and various shops.

Characteristics:

• The building is rented to Tenant Class “A” until 2020 with option of renewal contract.
• Structural design provide for the future development of an additional level, that could lead to a higher rental income (total three levels).
• Opposite the building, on the other side of the road, there is a large public parking. In addition to this, in front of the building there are additional parking areas, and also at the back of the building there is parking for staff.

Property Features:

• Covered Area: 540m2
• Plot size:  523m2
• Building zone:  Commercial
• Building factor 120%
• Excellent Position
• Title Deed
• Free Hold

Our company can assist clients with:

• Finding and selecting architects
• Building permits
• Finding and selecting contractors