Sold : Building in Paphos, Polis
Sold €575,000 Ref. No.: CN7048
€575,000
Ref. No. CN7048
No VAT
Paphos
Polis
Building
Year Built: 2012
Covered: 520m²
Plot: 623m²



Features
Air Conditioning
Balcony
Covered parking
Elevator
No VAT
Office
Title Deeds


Description

Two-storey building in Polis Chrysochou municipality of Paphos District. It is located on the town center, at a distance of 400 meters (approx.) southwest of Polis municipal stadium and 55 meters (approx.) north of Arsinois Avenue.

 It is ideally located close to numerous services and amenities and has excellent access to the beautiful beaches of the surrounding area. In the nearby vicinity there are many touristic developments.

The building was constructed around the year 2012 and according to the architectural plans, the basement consists of parking spaces, the ground floor consists of two shops with a mezzanine  while the 1st floors consist of three apartments. It is noted that on site the ground floor converted into three shops and the 1st floor is converted into two offices.

Shop (No 1) situated on the western part of the building and consists of an open plan area on the ground floor and a kitchenette, storage and toilets on the mezzanine. The internal area of the shop is 129qm (approx.) plus a mezzanine of 66sqm (approx.). The shop is rented for €600/month. 

Shop (No 2A) situated on the eastern part of the building and consists of an open plan area on the ground floor and a kitchenette, storage and toilets on the mezzanine. The internal area of the shop is 62qm (approx.) plus a mezzanine of 30sqm (approx.). The shop is rented for €400/month. 

Shop (No 2B) situated on the central part of the building and consists of an open plan area on the ground floor and a kitchenette, storage and toilets on the mezzanine. The internal area of the shop is 79qm (approx.) plus a mezzanine of 39sqm (approx.). The shop is rented for €300/month. 

Office (No 1) situated on the eastern part of the 1st floor and consists of offices spaces, toilet and veranda. The internal area of the office is 123sqm (approx.). The property is rented for €380/month. 

Office (No 2) situated on the western part of the 1st floor and consists of offices spaces, toilet and veranda. The internal area of the office is 127qm (approx.). The property is rented for €400/month. 

It is noted that the whole building is rented for €2080/month with a return of 4,3% and it is considered as an ideal choice for investment.

  • Enclosed area: 520 m2
  • Mezzanine: 135 m2
  • Land: 623 m2
  • Year built: 2012
  • Title deed: The property has a separate title deed
  • Parking : 6 Covered
  • Air condition
  • Lift