Kato Paphos
From €836,000 (Tenant Fees)

Three Bedroom Apartment For Sale in Kato Paphos, Paphos - Title Deeds (New Build Process)

This residential resort is where modern architecture meets the effortless rhythm of Mediterranean living. An exclusive development which is more than a home its a lifestyle statement, positioned in one of Paphos's most coveted locations. This communal style project boast 10 architecturally striking residential buildings, with 200 elegantly designed apartments, ranging from minimalist studio apartments to spacious 3 bed apartments.

Those looking for an investment opportunity can choose from two attractive rental options: a guaranteed return through long-term rental plans, or a revenue-sharing model with fully managed rentals handled on their behalf.

100% VAT refund applies when selecting a rental income option. If the rental scheme is not selected, VAT is payable at 19%. (6 months after the delivery of the property and within another 6 months the refund would normally be made tbc)

Rental Income Options

Option 1: Guaranteed Rental Return (10 Years)

A fully managed, long-term rental plan offering fixed monthly income (example figures – exact figures given on apartment selection) :

• Studio: €700 per month
• 1-bedroom: €1,000 per month
• 2-bedroom: €1,600 per month

This option provides income security for a full 10-year period.

Option 2: Revenue Share Rental Scheme

• Rentals managed on your behalf
• 60% of rental income to the owner / 40% to the operator
• Income varies depending on occupancy and seasonal demand

Owner Usage

Owners may enjoy personal use of their apartment:
• 3 weeks during the off-season, or
• 2 weeks during peak season (one option only)

Property Particulars

- Master bedroom with fitted wardrobes and en-suite

- Second bedroom with fitted wardrobes

- Open plan living – dining area - kitchen area

- Family bathroom

- Unfurnished but a furniture package is compulsory for all rental return options (example figures – exact figures given on apartment selected):

• 1-bedroom: €29,000
• 2-bedroom: €37,000

The price includes a full electrical and intercom setup, essential for resort operations.

- Elevator

- Two communal swimming pools

- Separate children's pool

- Playground & kids club

- Wellness spa

- Outdoor gym

- Yoga green

- Running/walking path

- Mini market

- Prime location

- Internal area 133 - 146 m²

- Covered balcony 27 - 48 m²

- 6 Minutes to the nearest beach

- 10 Minutes to Paphos Harbour with its wide selection of restaurants, bars and amenities

- 20 Minutes to Aphrodite Hills golf course

- 21 Minutes to Paphos International Airport

- Communal Fee TBC

- Suitable for Cyprus Permanent Residency - Fast Track

- Subject to VAT (100% VAT refund applies when selecting a rental income option. If the rental scheme is not selected, VAT is payable at 19%.) (Process can be submitted after 6 months)

- Energy Efficiency TBC

Kato and Pano Paphos

Paphos is a beautiful coastal city in the southwest of Cyprus and the capital of this district. Paphos is broken down into two parts Kato Paphos (lower) and Pano Paphos (upper). This is a vibrant city full of the hustle and bustle of local life with plenty of restaurants, tavernas, bars and nightlife. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Centre of Paphos is visually pleasing with many historic colonial buildings which house the areas government institutions.