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12 bed commercial property for sale in Kato Pafos, Pafos, Cyprus, 669 m²

12 bed commercial property for sale in Kato Pafos, Pafos, Cyprus, 669 m² - photo 1
12 bed commercial property for sale in Kato Pafos, Pafos, Cyprus, 669 m² - photo 2
12 bed commercial property for sale in Kato Pafos, Pafos, Cyprus, 669 m² - photo 3
Price€2,150,000
TypeCommercial property
Covered area669 m²
Land area544 m²
Beds12
Bath8
Rooms13
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Building in Paphos

Luxury Building consist of 4 floors and 4 units with 3 bedrooms each, close to the main promenade of Paphos, all the necessary infrastructure, as well as close to very successful hotels. Each floor is 97 sq. meters unit area and 28 sq. meters covered veranda Advantages of the project:∙ Sea view∙ 850 meters from the main promenade of Paphos and the beaches.∙ 400 meters from the tourist area∙ 800 meters to Paphos Kings Avenue∙ 3 minutes walk to all necessary amenities∙ Fenced project with communal pool and covered parking∙ Luxury top quality finishes∙ Heating, ventilation and air conditioning∙ Fully furnished∙ Penthouse with private roof garden and jacuzzi

Extra Сosts when Buying Property

TRANSFER TAX*
up to €85 000 3%
€85 000 - €170 000 5%
over €170 000 8%
*If VAT has been paid no transfer tax
*If no VAT has been paid 50% of the transfer tax rate
STAMP DUTY
If the value of the property is less than € 171,000 0,15%
If the value of the property exceeds € 171,000 0,2%
VAT
standard rate 19%
reduced rate 0-5%

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Ongoing Ownership Costs

Municipality Tax, annually 0.02%
Communal Services fees, multi-residential complexes, monthly €40-50
Communal Services fees, private house, monthly €60-200
Sewerage Tax, annually €60-75
Electricity costs, monthly about €50
Water rates, monthly about €50
Telecommunication rates €50-60

Additional Services Costs

Legal support (one time payment) 0.8%-1%

Return on Investment

Property Price
Rental Cost
0%
Company Representatives
in Cyprus
Limassol, Paphos, Larnaka
+3572-503-00-31
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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