Investment Property in Paphos Paphos, CYPRUS
ACP
11Bedrooms 11Bathrooms 729m²Build
522m²Plot Communal swimming poolPool 1.400.000€Price
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Profitable Aparthotel with 11 apartments in the center of Paphos.

The property is superbly located in the center of Paphos within walking distance from equipped beaches, shopping centers, tourist activities, historical sights.

There is a bus stop opposite the entrance to the aparthotel. From there in less than an 1 hour you can reach such iconic places as Aphrodite's Stone, Coral Bay and the Troodos Mountains. Paphos airport can be easily reached by public transport in just 30 minutes.

Aparthotel consists of 11 apartments of 5 types - Studio, Combi studio, Big Studio, One Bedroom, Two Bedroom

Estimated ROI 8%

Total area of the building: 729.23 m²
2. Useful building area: 660.59 m2
3. Pool size ~ 4x8 m
4. Plot size: 522 m²
* Important information:
- Allowed from 2019 to convert parking lots under buildings into rooms for short-term accommodation of tourists. In my building, you can make 4 rooms, 17m² each (toilets and showers are already there).
- The building factor has increased in 2020. Another floor can be built. This will add more than 300 m².

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