3 Bed Commercial for sale

Paphos, Cyprus

£209,612

 [€239,000]

Property Details

  • Bedrooms: 3
  • Bathrooms: 3

Full Description

FANTASTIC INVESTMENT OPPORTUNITY
Full Title Deeds
An amazing investment opportunity and great renovation project.
This substantial spacious project is located at a central point of Yeroskipou that considered as a big advantage for the shop on the ground floor.
It sits on a huge plot of over 667 m2.
Due to the smart design and layout of the building it allows for separate living areas both inside and out.
Upstairs you have a large entrance hall with open fire and the spacious seperate kitchen. Three double bedroon one of them ensuite that offering easy access to the large balconies.
The condition of the property is in need of renovation and decoration due to its’ age hence renovation is recommended.
However this is an amazing investment opportunity as the current land registry valuation for this specific piece of Real Estate is more than 320.000 euro’s.
Also it includes in their construction plans the ability to construct extra apartment on the second floor as the plot supported from a high building density of 120% and Covering factor 70%.
The shop increase the level of the investment as it's current rent is €5000 per year. 
This property listing (ref: SL13499) is an advertisement supplied by West Coast Cyprus and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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