Property 8049 Paphos / LIM-PAF-28575
Exceptional Mixed-use Building In Paphos Town.
-72%
Opportunity!
24
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
1,072.46 €For Sale • Deal
740,000€
Estimated Mortgage
/month
690
m2
586
Plot m2
Overview
Property Description
? Reduced from €950,000 to €740,000 (Non-Negotiable) (Maybe subject to VAT) Discover an exceptional investment opportunity with this mixed-use building located in the heart of Paphos town. Offering a blend of commercial and residential spaces, this property is ideal for investors looking to maximize rental income or undertake a renovation project to enhance its value.
Property Features:
- Ground Floor: 2 retail shops with a total area of 150m², perfect for commercial use.
- Second & Third Floor: 4 spacious three-bedroom apartments with a total indoor area of 540m² and 110m² covered verandas.
- Underground Parking & Storage: Ample space for multiple vehicles and additional storage facilities.
- Renovation Potential: The property requires refurbishment, offering the opportunity to reconfigure or upgrade the layout to suit market demands.
- With its prime location, versatile layout, and strong investment potential, this property presents a rare opportunity for investors with a vision.
- *There is no final approval /or separate titles for the flats or shops, although the building has building
- permits.
- You need to do the procedure again and adjust the building accordingly.
- Condition of the building: This building was built using high quality materials and stands strong for its age.
- A renovation is highly advisable.
Sustainability
Energy Efficency Rating
No Required/ Pending
Property Highlights
Resale
Title Deeds
Unfurnished
Location
10.90 kms
131.97 kms
2.18 kms
2.35 kms
2.86 kms
2.96 kms
3.40 kms
3.57 kms
3.85 kms
4.09 kms
4.39 kms
4.84 kms
5.76 kms
5.79 kms
5.88 kms
6.00 kms
7.46 kms
8.42 kms
8.47 kms
1.07 kms
1.08 kms
2.20 kms
2.25 kms
2.72 kms
3.61 kms
3.64 kms
3.77 kms
4.28 kms
6.30 kms
7.95 kms
5.45 kms
1.17 kms
1.81 kms
2.16 kms
2.24 kms
2.42 kms
2.48 kms
2.51 kms
2.67 kms
2.72 kms
2.85 kms
2.85 kms
2.86 kms
3.01 kms
3.12 kms
3.22 kms
3.23 kms
3.32 kms
3.35 kms
3.44 kms
3.46 kms
3.50 kms
4.76 kms
4.78 kms
4.80 kms
5.37 kms
6.63 kms
8.23 kms
9.17 kms
9.75 kms
Transfer Fees
Transfer Fees Individual
26,200 €
Transfer Fees Joint Names
22,800 €
Stamp Duty
1,388 €