€320,000
Building
Covered: 535m²
Plot: 667m²
Paphos, Yeroskipou
Bedrooms: 5
Bathrooms: 4

Building in Yeroskipou For Sale - Ref. BC14506


EXCEPTIONAL INVESTMENT OPPORTUNITY: BUILDING FOR SALE IN YEROSKIPOU

1 LARGE 198 SQM SHOP (previously used as supermarket) + A 168 SQM 1X3 BED APARTMENT + A 83 SQM 1X2 BED APARTMENT

ALSO AN OPPORTUNITY TO EXTEND BY ANOTHER FLOOR

Presenting a unique investment opportunity in the coveted Yeroskipou area of Paphos, this property, dating back to 1980, holds tremendous potential for those with a discerning eye and a penchant for renovation. With a little TLC, this building can be transformed into a remarkable living space. Comprising a trio of distinct living areas, including a 3-bedroom apartment, a 2-bedroom apartment, and a versatile storage/shop unit, all within the same premises, this property offers a canvas for creative enhancement.

Prominently positioned on the ground floor, the expansive storage room/shop spans an impressive 194 sqm, providing ample space for various commercial endeavors. This versatile area can seamlessly transform to accommodate the needs of a shop, a storage facility, or even a creative workspace. On this level, the 2-bedroom apartment extends across 83 sqm. Boasting a kitchen dining room, a commodious living space, and 2 generously sized bedrooms.

Ascending to the first floor, the 3-bedroom apartment spans 168 sqm and is a testament to spacious living. The thoughtfully designed layout encompasses a generous kitchen, dining, and living area adorned with a charming fireplace. The bedrooms, characterized by their generous proportions, are adorned with fitted wardrobes, ensuring efficient use of space. The highlight of this apartment is undoubtedly the sprawling 90 sqm covered veranda, offering an outdoor sanctuary for relaxation and entertainment.

The true marvel lies beyond the existing structure. An opportunity to ascend further beckons, with the potential to build a third floor. Imagine crafting an additional living space, a penthouse, or perhaps a communal leisure area. The choice is yours to embrace.

The allure of this property lies not only in its prime location but also in the potential it holds for those willing to undertake a renovation journey. Join the ranks of savvy investors who recognize the promise that lies within. Embrace the opportunity to shape this building into a true masterpiece in one of Yeroskipou's most sought-after neighbourhoods.

Yeroskipou is a coastal town east of Paphos and is the second largest municipality in the District.   This village has a number of characteristics namely its remarkable five-domed Byzantine church of Agia Paraskevi, a folk museum and large traditional square.   The area is also known for the production of Turkish Delight or lokum as its known locally. There are plenty of shops, kiosks, restaurants and bars in this village as well as many areas of secluded coastline.

Buy Cyprus LTD a leading and esteemed fully accredited Estate Agent, proudly holding registration number 1014 with the Cyprus Real Estate Agents Association and license number 477/E. With nearly three decades of unwavering commitment in the Cyprus and UK real estate markets, Buy Cyprus stands as the epitome of trustworthiness, offering top-tier expert services.

Paphosproperties has seamlessly integrated with Buy Cyprus LTD, becoming an integral part of our number one leading agency. Together, we share in this legacy of excellence, with our unwavering focus on exceeding customer expectations. We ensure that both buyers and sellers receive unparalleled care and dedication, drawing upon our profound understanding of the Cyprus Real Estate Market to provide objective and impartial advice to our esteemed clientele. With utmost transparency, we deliver honest and precise property information, empowering you to make well-informed decisions with absolute confidence.

Airport: 15 min drive
Amenities: Walking Distance
Balcony
Barbeque Area
Beach: 5 min Drive
Double Glazing
Family Bathroom
Fire place
Fitted Wardrobes
Golf: 10 Min Drive
Local School Nearby
Master Bedroom
Open Kitchen
Photovoltaic system for free electricity
Private Parking (covered)
Private parking (uncovered)
Solar Hot Water System
Town: 5 min drive

HAVE ANY QUESTIONS OR WANT TO ARRANGE A VIEWING?

PROPERTY INQUIRY

TRANSFER FEES & STAMP DUTY

€9,948
IF BUYING AS AN INDIVIDUAL
( €9,400 Transfer Fees + €548 Stamp Duty )
€6,848
IF BUYING ON JOINT NAMES
( €6,300 Transfer Fees + €548 Stamp Duty )
Please note that the above calculations are an indication of your tax liability when buying a property in Cyprus for €320,000. The Cyprus Land Registry calculations may based on thier own property valuation price not reported sale price and therefore fees might differ to what is shown above.
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