€500,000 $521,500
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Pay in USD and save up to $18,252Key features
- Listing ID: 1595279
- Bedrooms: 3
- Bathrooms: 2
- Total covered area: 220 sqm
- Plot: 641 sqm
- Resale built in 1980
- Bungalow
- Close to amenities
- Corner house
- Mature garden
- Title deeds available
Description
Prime Investment Opportunity in the Heart of Paphos Town Center
An exceptional opportunity to acquire a property in a prime location at the very center of Paphos Town, situated on a corner 641sqm plot. This property is ideally positioned just steps away from the Paphos Courthouse and the cluster of lawyers' offices, making it the perfect site for new development.
Key Highlights:
Strategic Location: Located in the heart of Paphos, this 641sqm plot is perfect for those looking to develop a professional hub. Its central position makes it ideal for office spaces, medical centers, or legal practices, catering to professionals who seek a premium location close to key services.
Excellent Development Potential: With a building factor of 140% and 50% coverage, this 641sqm plot provides ample scope for a multi-level development. Whether you're considering a new commercial office space, a healthcare facility, or a mixed-use building, the possibilities are vast.
Plot Potential: The existing bungalow is very old and in need of full renovation or modernization. Alternatively, the building can be demolished, offering a blank canvas for a fresh, modern development that maximizes the potential of this corner 641sqm plot.
Investment Opportunity: Given its prime location and generous development allowances, this property represents an excellent investment opportunity with significant potential returns. It’s perfect for developers, investors, or professionals seeking to establish a central business presence in the vibrant town center.
This property is a rare find in the bustling Paphos Town Center—don’t miss the chance to turn this corner 641sqm plot into a landmark development and capitalize on its unbeatable location. Secure your place at the center of Paphos’s professional district today!
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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