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Building, For Sale, Paphos, Kato Paphos
Kato Paphos, Cyprus
REF: 902721
€1,295,000
Description
The building is ideally located in Kato Paphos, within walking distance from the upcoming American University of Beirut and many local amenities. It also offers easy access to popular tourist destinations, including the Kings Avenue Mall and the city center. The building has a net cover covered area of approx. 425 sq.m and falls within the residential planning zone ka5, having building density 100% and coverage coefficient 50% ,3 floors and maximum height of 13.5m. It consists nine one-bedroom apartments, a covered parking area, which are currently rented for long term with an annual rental income of 47k. It has the potential to be renovated and rented for long-term or short term, as it has the building permits for a third floor with four more apartments, which will increase the value and the annual income. The building for sale is a secure and excellent investment opportunity, as each apartment has its own separate title deeds. Contact us for more info and to arrange a viewing. Το κτίÏιο Îχει καθαÏÏŒ καλυμμÎνο χώÏο πεÏίπου 425 Ï„.μ. και εμπίπτει στην οικιστική ζώνη κα5, με συντελεστή δόμησης 100% και συντελεστή κÎλυψης 50%, 3 οÏόφους και μÎγιστο Ïψος 13,5μ. Αποτελείται από εννÎα διαμεÏίσματα ενός υπνοδωματίου, στεγασμÎνο χώÏο στÎθμευσης, τα οποία Ï€Ïος το παÏόν μισθώνονται μακÏοχÏόνια με ετήσιο εισόδημα τις 47 χιλ. Έχει δυνατότητα ανακαίνισης και ενοικίασης μακÏοχÏόνια ή βÏαχυπÏόθεσμα, καθώς διαθÎτει οικοδομικÎÏ‚ Îδειες για Ï„Ïίτο ÏŒÏοφο με Ï„ÎσσεÏα ακόμη διαμεÏίσματα, γεγονός που θα αυξήσει την αξία και το ετήσιο εισόδημα. Το κτήÏιο Ï€Ïος πώληση αποτελεί μια ασφαλή και εξαιÏετική επενδυτική ευκαιÏία, καθώς κÎθε διαμÎÏισμα Îχει τους δικοÏÏ‚ του ξεχωÏιστοÏÏ‚ τίτλους ιδιοκτησίας.Επικοινωνηστε μαζι μας για πεÏαιτεÏω πληÏοφοÏιες η να κανονισουμε μια συναντηση.
The building is ideally located in Kato Paphos, within walking distance from the upcoming American University of Beirut and many local amenities. It also offers easy access to popular tourist destinations, including the Kings Avenue Mall and the city center. The building has a net cover covered area of approx. 425 sq.m and falls within the residential planning zone ka5, having building density 100% and coverage coefficient 50% ,3 floors and maximum height of 13.5m. It consists nine one-bedroom apartments, a covered parking area, which are currently rented for long term with an annual rental income of 47k. It has the potential to be renovated and rented for long-term or short term, as it has the building permits for a third floor with four more apartments, which will increase the value and the annual income. The building for sale is a secure and excellent investment opportunity, as each apartment has its own separate title deeds. Contact us for more info and to arrange a viewing. Το κτίÏιο Îχει καθαÏÏŒ καλυμμÎνο χώÏο πεÏίπου 425 Ï„.μ. και εμπίπτει στην οικιστική ζώνη κα5, με συντελεστή δόμησης 100% και συντελεστή κÎλυψης 50%, 3 οÏόφους και μÎγιστο Ïψος 13,5μ. Αποτελείται από εννÎα διαμεÏίσματα ενός υπνοδωματίου, στεγασμÎνο χώÏο στÎθμευσης, τα οποία Ï€Ïος το παÏόν μισθώνονται μακÏοχÏόνια με ετήσιο εισόδημα τις 47 χιλ. Έχει δυνατότητα ανακαίνισης και ενοικίασης μακÏοχÏόνια ή βÏαχυπÏόθεσμα, καθώς διαθÎτει οικοδομικÎÏ‚ Îδειες για Ï„Ïίτο ÏŒÏοφο με Ï„ÎσσεÏα ακόμη διαμεÏίσματα, γεγονός που θα αυξήσει την αξία και το ετήσιο εισόδημα. Το κτήÏιο Ï€Ïος πώληση αποτελεί μια ασφαλή και εξαιÏετική επενδυτική ευκαιÏία, καθώς κÎθε διαμÎÏισμα Îχει τους δικοÏÏ‚ του ξεχωÏιστοÏÏ‚ τίτλους ιδιοκτησίας.Επικοινωνηστε μαζι μας για πεÏαιτεÏω πληÏοφοÏιες η να κανονισουμε μια συναντηση.
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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 €1,295,000 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 |
|---|---|---|---|
| €1,295,000 | £1,077,285 | £1,114,503 | £37,218 |
| Property Price € | €1,295,000 |
| Minimum cost in the last six months | £1,077,285 |
| Maximum cost in the last six months | £1,114,503 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,218 |
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 €1,295,000 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 |
|---|---|---|---|
| €1,295,000 | £1,077,285 | £1,114,503 | £37,218 |
| Property Price € | €1,295,000 |
| Minimum cost in the last six months | £1,077,285 |
| Maximum cost in the last six months | £1,114,503 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,218 |
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 £37,218 more.
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