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building with apartments for sale in Paphos, Cyprus

building with apartments for sale in Paphos, Cyprus

Paphos
ID: 1568
  • No votes
  • 3 Bedrooms
  • 3 Bathrooms
  • 1238 sq.m.
  • 1300000

Description

Complex consisting of 16 apartments for sale in Paphos, Cyprus. Covered area 1238 sq.m., plot - 2086 sq.m. Fourteen parking spaces, eight of them are covered. Communal swimming pool on the territory and barbecue area. There are 1 bedroom, 2 bedroom and 3 bedroom apartments by the size from 55 to 104 sq.m. Located only 2 minutes walk from the beach, restaurants, shops and only 10 minutes is the Paphos castle harbor. The year of built is 1987, consists of 2 floor (8 apartments on each), 29 beds. Each apartment has living/dining area, kitchen, bathroom, bedrooms, balconies or verandas with small private garden. The project from the beginning was used for short and long rentals. Located in the center of Paphos tourist area. Permission ready for roof garden and bar which can raise the profit of working business.

Profitability calculation example (with listed prices, reservations guarantee - 100%): 

         Expected 
  profit (%)
  Apartment    1 bedroom     2 bedroom     3 bedroom   
  Amount of
  apartments 
         4         10          2  
  Short rent
 (6 months)
  30-35 euros 
   per day
 40-45 euros 
   per day
 50-60 euros 
  per day
    8.6% - 
  9.88%
  Long rent
 (6 months)
 250-300 euros 
   per month
 350-400 euros 
  per month
 400-450 euros 
   per month
   3.36%-
    4%
   Common
  expenses
 (all building) 
      2500 euros    

It is the best profitability calculation expected per year, contact us for more details.

AMENITIES

KITCHEN

BATHROOM

INTERIOR COMFORT

partly furnished

OUTDOOR COMFORT

communal swimming pool
outdoor parking

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