Nine Bedroom Building in Kato Paphos + Potential for three More – Investor’s Dream!

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.