Own an entire income-producing building in the heart of Paphos town — 8 x 2-bedroom, 2-bathroom apartments, key ready and sold as one asset. A rare chance to acquire full control of a fully furnished, revenue-ready rental block in one of Paphos's most in-demand central locations, rather than competing unit-by-unit.
Key ready means: fully furnished and equipped, ready to let or move into immediately — no fit-out costs, no delay to rental income.
Projected Gross Yield:
Short-term rental (Airbnb/holiday let): ~8% gross
Long-term rental: ~5.5% gross
Unit breakdown:
Side A: 75 m² internal + 12 m² veranda
Side B: 78 m² internal + 27 m² veranda
Top-floor units include private roof gardens of 35 m² and 45 m²
Why this works for investors:
Immediate income — key ready and fully furnished, so letting can begin from day one with no additional setup cost or delay.
Strong yield profile — projected 8% gross yield on short-term letting, or a stable 5.5% gross on long-term leases, giving flexibility to match the strategy to the market.
Single-asset control — one title, one building, no shared management with other owners. Full flexibility to hold, lease, or exit as a whole.
Prime rental location — a minute's walk from restaurants, supermarkets, medical centres and municipal offices, and close to the new TEPAK university campus, ensuring strong, consistent tenant demand (student, professional, and long-let markets).
Built to attract premium rents — underfloor heating, A/C, and Category A energy efficiency reduce running costs for tenants and support higher achievable rent.
Zero common-area running costs — shared spaces (parking, elevator, staircase) are powered entirely by photovoltaic panels, protecting net yield from utility inflation.
Roof garden units command a premium — top-floor apartments include private 35 m² and 45 m² roof gardens, ideal for premium short-let positioning.
New-build, low maintenance — Category A energy rating and September 2026 completion mean minimal capex for years, maximising net income from day one.
Scarcity value — whole-building assets of this size rarely come to market in Paphos centre; strong resale and refinancing potential once let up.
Specs:
8 apartments | 2 bed / 2 bath each | 4-storey building | Covered parking per unit | Elevator | CCTV | Key Ready — Fully Furnished | Completion September 2026 | Energy Class A
