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Building, For Sale, Paphos, Kato Paphos
Kato Paphos, Cyprus
REF: 902721
€1,290,000
Description
Nine-Bedroom Building in Kato Paphos + Permits for 3 More Investor€™s Dream! ? Prime Location Walk to AUB, Kings Avenue Mall & the Beach An exceptional investment opportunity in the heart of Kato Paphos! This fully let building comprises nine one-bedroom apartments, ideally located within walking distance of the upcoming American University of Beirut (AUB), local amenities, and major tourist attractions like Kings Avenue Mall and the city center. ?ï¸ Property Highlights: Net Covered Area: Approx. 425 m² Planning Zone: Κα5 (Residential) Building Density: 100% Coverage Coefficient: 50% Max Floors: 3 Max Height: 13.5 meters Covered Parking included Separate Title Deeds for each apartment Currently, all nine apartments are rented long-term, generating a stable annual income of ‚63,000. ? Value-Add Potential: Approved building permits for a third floor Potential to add three additional apartments Opportunity to increase rental income through short-term rentals (e.g., Airbnb) Significant capital appreciation potential after renovation and expansion This is a rare chance to acquire a high-potential investment property with steady income, development rights, and long-term flexibility.
Nine-Bedroom Building in Kato Paphos + Permits for 3 More Investor€™s Dream! ? Prime Location Walk to AUB, Kings Avenue Mall & the Beach An exceptional investment opportunity in the heart of Kato Paphos! This fully let building comprises nine one-bedroom apartments, ideally located within walking distance of the upcoming American University of Beirut (AUB), local amenities, and major tourist attractions like Kings Avenue Mall and the city center. ?ï¸ Property Highlights: Net Covered Area: Approx. 425 m² Planning Zone: Κα5 (Residential) Building Density: 100% Coverage Coefficient: 50% Max Floors: 3 Max Height: 13.5 meters Covered Parking included Separate Title Deeds for each apartment Currently, all nine apartments are rented long-term, generating a stable annual income of ‚63,000. ? Value-Add Potential: Approved building permits for a third floor Potential to add three additional apartments Opportunity to increase rental income through short-term rentals (e.g., Airbnb) Significant capital appreciation potential after renovation and expansion This is a rare chance to acquire a high-potential investment property with steady income, development rights, and long-term flexibility.
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Currency Exchange
Kato Paphos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,290,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,290,000 | £1,062,831 | £1,119,836 | £57,005 |
| Property Price € | €1,290,000 |
| Minimum cost in the last six months | £1,062,831 |
| Maximum cost in the last six months | £1,119,836 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £57,005 |
Kato Paphos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,290,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,290,000 | £1,062,831 | £1,119,836 | £57,005 |
| Property Price € | €1,290,000 |
| Minimum cost in the last six months | £1,062,831 |
| Maximum cost in the last six months | £1,119,836 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £57,005 |
The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £57,005 more.
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