Bazaraki
Property 5675799
Paphos · EUR 650,000 · Unknown type
? Reduced from €740,000 to €650.00 (Non-Negotiable) (Maybe subject to VAT) Discover an exceptional investment opportunity with this mixed-use building located in the heart of Paphos town. Offering a blend of commercial and residential spaces, this property is ideal for investors looking to maximize rental income or undertake a renovation project to enhance its value. Property Features: Ground Floor: 2 retail shops with a total area of 150m², perfect for commercial use. Second & Third Floor: 4 spacious three-bedroom apartments with a total indoor area of 540m² and 110m² covered verandas. Underground Parking & Storage: Ample space for multiple vehicles and additional storage facilities. Renovation Potential: The property requires refurbishment, offering the opportunity to reconfigure or upgrade the layout to suit market demands. With its prime location, versatile layout, and strong investment potential, this property presents a rare opportunity for investors with a vision. *There is no final approval /or separate titles for the flats or shops, although the building has building permits. You need to do the procedure again and adjust the building accordingly. Condition of the building: This building was built using high quality materials and stands strong for its age. A renovation is highly advisable.
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