Office Building for Sale in Paphos Town Centre ~ EIC159O

Property price:
€600,000
Property details:
  • Ref. number: EIC159O
  • Bathrooms: 0
  • Bedrooms: 0
  • Covered area: 854 m2
  • Plot size: 473 m2
Presented by:
Exclusive Investments Cyprus a part of Sunseakers Real Estate Ltd
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Property description:

Location: Paphos, Cyprus
Sale Category: Commercial Freehold Property
Property Type: Office
Plot Size: 473m2
Covered Size: up to 854m2
Price: €600,000
Criteria for Cyprus Citizenship-by-Investment Program: No

Area Info:

The property is located right in the heart of the cultural, entrepreneurial and creative activity of Paphos. Its location is within the center of the historical city and could easily be established as a dominant choice for both businessmen, locals & tourists.

The mayor of Paphos and the president of the joint municipality, trade, traditional market and commercial area committee presented the plans to upgrade Paphos old town where the office building is located which will begin at the beginning of 2015. A substantial amount of funding is being approved from EU as a part of the structural funds allocated for the “Pafos 2017 European Capital of Culture” award. According to the President of the joint municipality, Makariou Avenue in Paphos and other small roads leading off this street will be turned into pedestrian areas.


Property Characteristics:

  • The property has a valuation from the bank in 2013 for €1,000.000
  • BUILDING COEFFICIENT: 180%
  • COVERAGE COEFFICIENT: 140%
  • Storey: 4
  • Max Height: 13.10m
  • Can build up to 852m2 Covered Areas plus Verandas
  • Offices (Ground Floor)
  • 3 bedroom apartment (First Floor)
  • An additionally 2 floors can be built
  • The building could be turned into 17 suite hotel
  • The owner will rent back the property 5% yearly from the selling price (bank guarantee)
Property location:
Property price:
€600,000
Property details:
  • Ref. number: EIC159O
  • Bathrooms: 0
  • Bedrooms: 0
  • Covered area: 854 m2
  • Plot size: 473 m2
Presented by:
Exclusive Investments Cyprus a part of Sunseakers Real Estate Ltd
Send message