Search
P-0399 Commercial Units For Sale in Kato Paphos
Pafias Aphroditis, Kato Paphos, Cyprus
REF: 839645
€1,050,000
Description
Set in the prime location of Kato Paphos, close to the historic harbour area and seafront, this classic building boasts five units with two floors as well as covered and uncovered parking spaces. The ground floor lends itself to multiple uses with individual units suitable as shops such as a kiosk/cava and each unit has toilet facilities. The larger commercial area could be utilised as a restaurant or cafe as it benefits from a kitchen together with storage and toilets. The upstairs areas would be suitable for storage or office space. This property is perfect for any investor looking for property to renovate with a view to long term rentals, having the potential to generate excellent returns, either as a whole or individually. Alternatively, buyers could take advantage of the opportunity to redevelop the large plot as a business with a view to maximising their investment given the central location at the heart of the tourist area. 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. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Town of Paphos is visually pleasing with many historic colonial buildings which house the area s government institutions.
Set in the prime location of Kato Paphos, close to the historic harbour area and seafront, this classic building boasts five units with two floors as well as covered and uncovered parking spaces. The ground floor lends itself to multiple uses with individual units suitable as shops such as a kiosk/cava and each unit has toilet facilities. The larger commercial area could be utilised as a restaurant or cafe as it benefits from a kitchen together with storage and toilets. The upstairs areas would be suitable for storage or office space. This property is perfect for any investor looking for property to renovate with a view to long term rentals, having the potential to generate excellent returns, either as a whole or individually. Alternatively, buyers could take advantage of the opportunity to redevelop the large plot as a business with a view to maximising their investment given the central location at the heart of the tourist area. 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. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Town of Paphos is visually pleasing with many historic colonial buildings which house the area s government institutions.
Read More
Property on Map
Currency Exchange
Pafias Aphroditis, 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £869,726 | £902,423 | £32,697 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £869,726 |
| Maximum cost in the last six months | £902,423 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £32,697 |
Pafias Aphroditis, 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £869,726 | £902,423 | £32,697 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £869,726 |
| Maximum cost in the last six months | £902,423 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £32,697 |
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 £32,697 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
