Property 5723 Agios Theodoros, Paphos / LIM-PAF-25733

Mixed-use Building With Shops, Apartments, And Studio In Paphos Municipality.

-59%

Opportunity!

Why is this Property Classified as an Opportunity?

Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.

Paphos Indicative Price

3,828.69 €

This Property

1,564.15 €

For Sale • Deal

890,000€

Estimated Mortgage

/month

569

Overview

Community

Agios Theodoros

Property Type

Building

District

Paphos

Covered/Built m2

569 m2

Property Description

The property concerns a three storey, mixed use building, Paphos Municipality. The ground floor which occupies the northern part of the plot has been erected in 1977. It comprises three (3) shops. Shops 1 & 3 have been unified (vacant) and shop 2 is rented .

The 2 upper floors have been erected in 2008 and comprise -2 apartments (1 with one bedroom and 1 with two bedroom) on the 1st floor, -4 apartments (1 with one bedroom and three with two bedroom) on the 2nd floor and -1 studio (not on permits) on the roof.

The one-bedroom apartments comprise an open-plan living room, dining room, and a kitchen, one bedroom, a bathroom, and a covered terrace. The two-bedroom apartments comprise an open-plan living room, dining room, and a kitchen, two bedrooms, a bathroom, and a covered terrace. Apartments No. 5 & 6 were unified.

The studio comprises a bedroom, kitchen, and living room in an open-plan space, a bathroom, and a terrace.

Property is partially occupied as below:

Shop 1 Vacant.
Shop 2 Rented.
Shop 3 Vacant.
Apartment 101 Rented
Apartment 102 Vacant
Apartment 201 Rented
Apartment 202 Vacant
Apartment 203 Rented
Apartment 301 Rented
The property falls within Zone Πα9α, with a building coefficient of 120%, coverage of 70%, and permission for 2 floors (8.3m) of construction.