With a sleek geometric design and plenty of natural light, this contemporary development is the perfect building for modern-day use and living.
The scale of this property provides residents with a peaceful environment. The development boasts three apartments across three floors — one on each level, with two remaining for sale.
Each apartment has two or three bedrooms, with two bathrooms each, and a large veranda.
The top floor also offers its residents a communal relaxation area. Presented in a high-quality design with a luxurious pool overlooking the ocean, residents can relax and enjoy the views at any time of day.
The interior of each apartment is subtly sophisticated, including finishing touches in light wood, glass, and chrome. Each room comprises top-quality materials such as marble floors and granite kitchen worktops.
Situated in a safe residential area of Kato Pafos and only 2 km from the city center, these apartments are an ideal investment for holiday homes or permanent residences.
The beach and tourist promenade are within walking distance, while the International School of Pafos and the International Airport are a short distance away.
The selling prices are €400,000 (two bedrooms) and €545,000 (three bedrooms), with a total price of €945,000. The selling price does not include the cost of underfloor heating, furniture, split AC units, and electrical appliances.
There is an optional and additional cost of €20,000 (two bedroom); €25,000 (three bedroom) for underfloor heating, and €25,000 (two bedroom); €30,000 (three bedroom) for furniture.
The total built-up area of the two-bedroom apartment is 101 m2, and 119 m2 for the three-bedroom apartment. See the table below for further design specifications.
|
Level |
Apartment Number |
Bedrooms |
Baths |
Covered Internal Area, sq.m. |
Covered Veranda, sq.m. |
Total Built Area? sq.m. |
|
1st Floor |
101 |
2 |
2 |
82 |
19 |
101 |
|
2nd Floor |
201 |
3 |
2 |
104 |
15 |
119 |
Investment Proposal
Amazon Investments is searching for investors to co-finance the construction of this luxury apartment complex near the center of the seaside touristic area of Pafos.
The project consists of three luxurious apartments. Amazon Investments has undertaken the construction of one apartment, and the remaining two apartments require financing.
The development is an ideal choice for the many digital nomads and IT professionals who have moved to Pafos and want to live near the sea.
High prices of luxury apartments and offices in the neighboring city of Limassol forced many IT professionals to relocate to Pafos.
Pafos is fast becoming a corporate center, but it faces an unprecedented shortage of luxury properties.
The average selling price of newly constructed luxury apartments in the seaside area of Pafos is €4,950 per sq.m. The financing of this project will enable Amazon Investments to complete it for €4,295 per sq.m.
The project can also be used as a rental business with an expected average net return of 8%. A property management company of Amazon Group Services can manage the project if required.
The rising rates of Pafos’ real estate prices can also ensure an IRR of 21% in the next five years.
The VAT is fully recoverable after one year if the project is registered as a short-term rental business with CTO (Cyprus Touristic Organization).
Amazon Investments is part of the international group of Companies, Amazon Group Services. The group has many clients from the CIS countries wishing to relocate to Cyprus and are actively searching for prime residential and commercial buildings across all cities of Cyprus.
