House - Paphos, Paphos City Center

HIGH POTENTIAL -  PROPERTY INVESTMENT  Arch. Makariou III Avenue – FOR SALE COMMERCIAL “LISTED” BUILDING in Paphos, Cyprus Facts and Benefits SUBSTAINABLE URBAN DEVELOPMENT AREA Major infrastructure and upgrade of Arch. Makariou III Avenue area Traditional Market shopping centre area Major night life centre with ample of food & beverage facilities. Surrounded by major Commercial Services and facilities A MULTIMILLION euro reconstruction for the area upgrade Vast number of public parking spaces Pedestrian only area with children facilities Easy access and frequent Public Transportation Service Protected and listed area controlled by the council authorities Local and Tourist Attraction Future Economic Growth Increase of Local Investment and Entrepreneurship   Financial Benefits Listed Buildings Listed Buildings carry a high building coefficient, which can be transferred or sold once the preservation of the building has been completed according to the Town Planning. The government grants a considerable amount of funds (40%) for the preservation cost of Listed Buildings. All rental income is tax free for life. No property tax is imposed for listed buildings. No transfer fees on its purchase Amnesty of the square meters   Building Size Building Covered Area: 360 m2 Mezzanine: 102 m2 Uncovered Area: 50 m2   Building Zone Characteristics Building Coverage - 180% Number of Floors - 4 Building Height - 13.1 m   Price €1,600,000 No VAT & No Transfer fees (The Building is falls within the category of Listed Buildings Restrictions)