A Dynamic Investment Opportunity in Urban Development For Sale Investments

• Property ID: LM1500000

Description

Discover a prime investment opportunity in the heart of Paphos.

Location:

• Strategically situated in the heart of Paphos, offering a central and convenient address.
• Within walking distance to the vibrant town center, providing easy access to amenities, shopping, and entertainment.
• Adjacent to the recently renovated old market, ensuring a blend of historic charm and modern lifestyle.
• Boasts proximity to key attractions, creating an attractive living and working environment for residents and potential visitors.

Project Highlights:

• Uniquely designed by one of Cyprus’s top architects, ensuring a modern and distinctive aesthetic.
• AirBnB apartments with high-end specifications.
• Communal pool catering to the needs of all the apartments.
• Total covered area: 746m²

Apartment Configuration:

Basement (approx. 212m²)

Ground Floor (approx. 154.5m²)

Mezzanine Floor (approx. 138m²)

First Floor (approx. 168.40m²)

Roof Top (approx. 72.10m²)

Key Features:

Unique Architectural Design:

Crafted by one of Cyprus’s top architects, the property boasts a modern and distinctive aesthetic, setting it apart in the market.

Proximity to Amenities:

Enjoy the convenience of being within walking distance to the town center and the recently renovated old market.

Versatile Usage Ideas:

1. AirBnB Conversion:

3D designs showcase the potential for conversion into AirBnB properties. Explore the booming short-term rental market in Paphos.

• Coworking Offices:

An alternative investment idea is the conversion into coworking offices, tapping into the demand for flexible and collaborative workspaces.

• City Hotel Concept:

Transform the space into a city hotel, offering a blend of luxury and convenience with amenities such as a pool, jacuzzi, gym, and potential retail spaces like shops or a bank.

City Hotel Concept Details:

• Pool and Jacuzzi:

Introduce a leisurely experience with a well-designed pool and jacuzzi for guests to unwind and enjoy.

• Gym:

Incorporate a fitness facility, providing an added attraction for health-conscious travelers.

• Retail Spaces:

Explore the possibility of creating retail spaces within the building, potentially housing shops, a bank, or other convenient amenities for both guests and locals.

Investment Benefits:

Diversified Income Streams:

• Versatile usage ideas offer the potential for varied revenue streams, ensuring a resilient and profitable investment.

Strategic Location:

• Prime location in the heart of Paphos, attracting both tourists and local businesses.

Conclusion:

This urban development in Paphos presents a unique opportunity for investors seeking a blend of innovation, convenience, and elegance. Explore the diverse possibilities that this property offers, from short-term rentals to coworking spaces and the exciting concept of a city hotel. For further details and a comprehensive discussion, please feel free to contact us. Elevate your investment portfolio with a project that epitomizes modern living and entrepreneurial vision in the vibrant heart of Cyprus.

Details

• Property ID: LM1500000
• Price: 1500000
• Offer Type: sale
• Property Type: investments
• Area/Location: Paphos Old Town

Features

• Close to amenities
• Close to town center
• Renovated
• Roof terrace
• Safe & Friendly Area
• Sea view
• Swimming Pool

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