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Investment in Kato Paphos, Paphos

Kato Paphos, Paphos, Cyprus

ID 220144
For Sale 2,025,000

PROPERTY FEATURES

Property Type Investment  
Indoor Facilities
Outdoor Facilities

Description

Located in the center of the tourist area of Paphos, yet in a quiet residential area, one of the few locations available in this area.

7 apartments in total for sale paning across 4 floors, consisting 1 and 2 bedroom apartments and a 3 bedroom penthouse.


Project benefits include: • Sea view • 900 meters from the main promenade of Paphos and the beaches. • 100 meters from the King Jason Hotel • 750 meters to Paphos Kings Avenue • 5 minutes walk to the entire infrastructure • Fenced project with communal pool and covered parking • Top quality finish
• Hidden split systems for heating and cooling • Fully furnished project (turnkey) • Penthouse with private roof terrace and jacuzzi

Buy Land plus 7 Apartments for the price of

€2,025,000 NO VAT.

The proposal is €2,000,000 including everything. Vat on land is

€36,000 which is refundable to the investor for the

government. The buyer will pay €25,000 VAT for the

penthouse that he will buy as his primary residence

The buyer will save VAT of €285,000 as he will take a refund

on land vat of the amount €36,000 and of course will save the

€150,000 donation. SO THE ACTUAL FINAL COST OF THE

INVESTMENT WILL BE €2,025,000.

In a normal case of purchase from another company the client

will pay €2,000,000 + €25,000 + €285,000 + €150,000 =

 

€2,460,000. SO HERE CLIENT SAVES €440,000.

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