€675,000 $704,025
My Space Real Estate
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Pay in USD and save up to $24,641Key features
- Listing ID: 1178761 (4498)
- Bedrooms: 3
- Bathrooms: 2
- Total covered area: 150 sqm
- Verandas: 45 sqm
- Newly built
Description
The investment project involves the acquisition of a project under construction in the heart of the city of Paphos, just a few minutes' walk from the Kings Avenue shopping center, bars and restaurants, the old market and the beach.An ideal project with a yield of 8.4% per annum (IRR), with a payback period of 12 years.
The purpose of the construction of this project is to meet the high demand of consumers for renting inexpensive high-quality housing in conditions of an ever-growing level of visiting employees of the island's companies.
The house will be built using modern technologies and thoughtful design, with transport accessibility.
Participation in this investment project is a sufficient basis for obtaining a residence permit of the Republic of Cyprus.This amazing modern 4-storey residential complex consists of 7 apartments, six 2-bedroom and one 3-bedroom superior penthouse!
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