1 Bed Commercial for sale
Kato Paphos, Paphos, Cyprus
£1,557,686 *
[€1,820,000]
Full Description
Price for available one and two bedroom apartments: in total 17 apartments: €1.820.000
The Complex is a 4-storey apartment building set on a prime location in Universal, which is in walking distance to the beach, the harbour as well as all amenities such as several Bars, restaurants and shops.
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It includes a green area of 356 sq.m.
4 storeys, 28 apartments:
-12 one-bedroom of 61 sq.m. living area
-12 two-bedroom of 81 sq.m. living area
The penthouse consists of:
2 one-bedroom apartments of 81 sq.m. with 67 sq.m. verandas and 2 two-bedrooms of 81 sq.m. with 78 sq.m. verandas
The price includes all necessary expenses of the building
0% VAT: Since the plans for the erection of the building were deposited before the 1st of May 2004, according to the Law no VAT has to be paid, resulting in the saving of a significant 465.000 EUR.
After the construction of the property, the building factor increased from 100% to 120%.
This allows for the construction of 403 sq.m. additional covered area which translates to 10 more apartments.
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