Property for Sale: Investment (Residential) in Kato Paphos, Paphos | 1stclass Homes IL

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.