Development Project for Sale ~ EIC153V

Property description:

Location: Paphos, Cyprus
Sale Category: Residential Development Project
Property Type: Traditional Mountain Stone Villas
Number of Villas for Sale: 17
Price: €2,550,000 + 19% VAT
Investment Opportunity: Return on Investment
Criteria for Cyprus Citizenship-by-Investment Program: Yes

The project as it stands is planned to expand to 17 completed units. The development is being sold as a turn key investment opportunity with the intention of the continuation of development. The project as it stands includes 4 completed villas ready to sell, and 4 completed foundations and skeletons. The planning includes an additional 9 full units, plus the completion of the existing 4 skeletons.

There are four types of villas consisting of two and three bedroom orientation, featuring individual bathrooms, private swimming pools, garages, and private garden areas, verandahs, breath-taking views and they are surrounded by vineyards.

Property Features:

• The land on which the project sits – 10,704 m2
• Each Plot is 400 m2 average
• 4 completed stone villas with swimming pools ready to sell (needs to be freshened up)
• 3 skeletons and foundations for the next phase
• All site infrastructure, roads, utilities (electrical system house, roads, sidewalks, service to each villa) are completed
• The land is sub divided with full title deeds for each plot
• Plans and specifications for multiple villa types
• Final inspection has been passed and full title deeds will be in hand within 3-6 months for each completed unit
• The building permits and licenses have been received for the completion of the entire 17 villas

There are 4 types of villas for sale:

Villa С: Covered area 139m2 – €225,000 + 19% VAT
Villa B: Covered area 160m2 – €325,000 + 19% VAT
Villa D: Covered area 138m2 – € 275,000 + 19% VAT
Villa E: Covered area 138m2 – €249,000 + 19% VAT

Property Location:
A beautiful project in the hills of Paphos nestled in the village of Innia, with views of the sea and mountains. Situated less then 10 minutes from the beach half way in between two of the most popular tourist destinations on the island, Lachi Beach and the baths of Aphrodite, and Coral Bay. The village is a strong agricultural community situated off the main road connecting Polis and Paphos.

Additionally our company can assist clients with:

• Finding and selecting architects
• Building permits
• Finding and selecting contractors
• Project management
• Property rental management
• Selling of individual houses