Commercial apartment building in Paphos, Cyprus, 425 m²

Nine-Bedroom Building in Kato Paphos + Permits for 3 More – Investor’s Dream!

? Prime Location – Walk to AUB, Kings Avenue Mall & the Beach

An exceptional investment opportunity in the heart of Kato Paphos! This fully let building comprises nine one-bedroom apartments, ideally located within walking distance of the upcoming American University of Beirut (AUB), local amenities, and major tourist attractions like Kings Avenue Mall and the city center.

?️ Property Highlights:

Net Covered Area: Approx. 425 m²

Planning Zone: Κα5 (Residential)

Building Density: 100%

Coverage Coefficient: 50%

Max Floors: 3

Max Height: 13.5 meters

Covered Parking included

Separate Title Deeds for each apartment

Currently, all nine apartments are rented long-term, generating a stable annual income of €63,000.
? Value-Add Potential:

Approved building permits for a third floor

Potential to add three additional apartments

Opportunity to increase rental income through short-term rentals (e.g., Airbnb)

Significant capital appreciation potential after renovation and expansion

This is a rare chance to acquire a high-potential investment property with steady income, development rights, and long-term flexibility.