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B397 - A fully renovated 11-apartment building in Geroskipou, Paphos

Property status: Project delivered
Location: Cyprus, Paphos, Geroskipou (the Eastern suburb of Paphos, few minutes drive)
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A fully renovated building in Geroskipou, Paphos, constructed in 2009, consisting of 11 apartments: eight 1-bedroom units and three 2-bedroom units. The total covered area is 769 m². All units are rented on long-term contracts, generating a monthly income of €8,000 and an annual income of €96,000. The buildin...

A fully renovated building in Geroskipou, Paphos, constructed in 2009, consisting of 11 apartments: eight 1-bedroom units and three 2-bedroom units. The total covered area is 769 m². All units are rented on long-term contracts, generating a monthly income of €8,000 and an annual income of €96,000. The building includes an elevator, storage units, and underground covered allocated parking. Monthly maintenance expenses are €180, covering utilities, elevator service, and cleaning.

The main features of the project and the units:

  • Construction year 2009
  • Fully renovated building
  • 11 apartments (8 one-bedroom, 3 two-bedroom)
  • Total covered area 769 m²
  • Rented on long-term contracts
  • Monthly income €8,000
  • Annual income €96,000
  • Elevator
  • Storage units
  • Underground covered allocated parking
  • Monthly maintenance expenses €180 (utilities, elevator, cleaning)

The project has an EPC certificate with “B” energy efficiency rating.

Area & Prices
1 - Block of apartments
Area: 769 m2
€ 1,848,000 no VAT
Inside Area: 769 m2
Price per sq.m: € 2,403

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