Property 48171 Paphos, Paphos / LIM-PAF-28575

? Reduced from €950,000 to €740,000 (Non-Negotiable) (Maybe subject to VAT)

Discover an exceptional investment opportunity with this mixed-use building located in the heart of Paphos town. Offering a blend of commercial and residential spaces, this property is ideal for investors looking to maximize rental income or undertake a renovation project to enhance its value.

Property Features:

Ground Floor: 2 retail shops with a total area of 150m², perfect for commercial use.
Second & Third Floor: 4 spacious three-bedroom apartments with a total indoor area of 540m² and 110m² covered verandas.
Underground Parking & Storage: Ample space for multiple vehicles and additional storage facilities.
Renovation Potential: The property requires refurbishment, offering the opportunity to reconfigure or upgrade the layout to suit market demands.

With its prime location, versatile layout, and strong investment potential, this property presents a rare opportunity for investors with a vision.

*There is no final approval /or separate titles for the flats or shops, although the building has building
permits. You need to do the procedure again and adjust the building accordingly.
Condition of the building: This building was built using high quality materials and stands strong for its age. A renovation is highly advisable.