Amazing opportunity for an investor seeking to buy a smart project for long-term rentals or holiday lets perfectly situated in one of the busiest areas of Paphos, overlooking the city within easy reach of local amenities and just a short drive to the city centre and coast.
The detailed design of the building consists of a total of seven spacious apartments, four having two bedrooms and three with one bedroom. Each residence offers ample sized open plan living areas including marble and wooden flooring. The fully fitted kitchens are hand-crafted wood and each bedroom benefits from fitted wardrobes.
The apartments have a full family bathroom and the two bedroom units boast ensuite facilities to the master bedrooms. All the living areas lead out to spacious covered balconies, a perfect space for enjoying an alfresco lifestyle with amazing panoramic views. Additionally, underground covered parking with storage is available.
In view of its prime position, the potential long-term value of the investment is expected to grow handsomely. Therefore, when the time is right, the owner may expect to recoup a substantial profit if selling the units separately or as a package.
Paphos is a beautiful coastal city in the southwest of Cyprus and the capital of this district. Paphos is broken down into two parts Kato Paphos (lower) and Pano Paphos (upper). This is a vibrant city full of the hustle and bustle of local life with plenty of restaurants, tavernas, bars and nightlife in both the seafront and Harbour area as well as the old town. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Centre of Paphos is visually pleasing with many historic colonial buildings which house the area’s government institutions.
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