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Mercury Group
For sale: commerce property in Cyprus, Paphos
- Cyprus, Paphos, Paphos (center)
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Property description
ID: CY-35-1-156646
- Cyprus, Paphos, Paphos (center)
Object type
Commerce property
Land area
11260 m2
Area
5395 m2
Category
For sale
Price per m2
€ 741
Price
€ 4 000 000
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For sale business of 5395 sq.meters in Paphos. Tourist complex in Polis Chrysochous, Paphos. The property is an 84% share in a tourist complex named 'Nicki Holiday Resort' in Polis Chrysochous. It is located in the outskirts of the municipality, 1,5km from Latchi harbour and 1km from the center of Polis Chrysochous. Polis Municipal beach is also within short distance. The whole complex comprises 10 blocks of entirely furnished apartments (a total of 125 units) and communal spaces (2 swimming pools, a tennis /basketball / mini-football court and a children's playground). Gordian owns 1675/1992 share (84%) of the whole project which corresponds to 97 studio apartments, a restaurant, 2 commercial spaces (shops) and a lounge/reception area. The property operates as hotel - holiday home apartments. It is an ideal opportunity for investment with potential high rental income. The Energy Performance Categories of Blocks 100-300 is Energy Class ‘’F’’, of Block 400 is Energy Class ‘’E’’, of Blocks 500-900 is Energy Class ‘’G’’ and of Block 1000 is Energy Class ‘’D’’.
Residence permit could be obtained through the property purchase. Leave your request in order to get more information about Residence Permit.
- Cyprus, Paphos, Paphos (center)
Object type
Commerce property
Land area
11260 m2
Area
5395 m2
Category
For sale
Price per m2
€ 741
Price
€ 4 000 000
Currency calculator
From
To
What you should know, purchasing a property in Cyprus
Buy vs Rent Calculator
To help you decide whether it's better to rent or buy a home, this calculator compares the costs associated with buying a property to your equivalent rental costs. This calculator will also help to investors to preliminary calculate the
return on investment and capitalization from sale of real estate.
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* After 1 year you check out and loose 0 EUR
** After rental period you check out, own your property, and:
1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or
2. resell and get the invested money + capitalization profit
In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
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