Sold : Building - Paphos - €1,700,000
This asset is a 9/10 share of a four storey building in Agios Pavlos, Paphos.
The asset is adjacent to Ellados Avenue, c. 500m north of Kykkou Lyceum and c. 660m west of Pefkios Georgiades primary school.
The asset comprises of:
-The basement of c. 900sqm which consists of parking spaces, storage rooms and accessible toilets.
-The ground floor that consists of three two-bedroom apartments, which all include a kitchen, a living/dining area, a bathroom, and uncovered parking spaces.
-The first and second floors which consist of two offices each. Each floor has an office with small kitchen, bathrooms and balconies and an office consisting of an open plan office space, kitchen with dining room, conference room, bathroom with shower and a server room.
-The third floor consists of an office with reception/waiting area, office areas, a kitchen, a bathroom with shower and a balcony covered with decking.
The immediate area of the asset comprises of mixed-use and residential developments and enjoys easy access to all areas of Paphos.
The asset falls within two planning zones:
-residential planning zone Kα5 with building density coefficient of 100%, coverage coefficient 50%, on 3 floors and a maximum height of 13.5m.
-commercial planning zone Εβ5 with building density coefficient of 120%, coverage coefficient 50%, on 3 floors and a maximum height of 13.5m.