Details

Updated on May 14, 2026 at 8:49 am

Property ID LD24085
Price €1,999,000
Bedrooms 16
Rooms 16
Bathrooms 16
Type Business, Hotel, Building
Property Status For Sale
Condition Resale
Internal House sq.m 600

Description

Fully Renovated | 16 Income‑Generating Units

A Rare, High‑Performing Investment Opportunity

An exceptional opportunity to acquire an entire apartment block offering strong, consistent rental income and long‑term investment security. Fully renovated in 2015, the building has been modernised to a high standard, ensuring durability, low maintenance, and excellent tenant appeal.

This is a turnkey investment, currently generating a solid rental return which the buyer can continue to benefit from immediately.

🏡 Property Composition – 16 Units in Total

The building comprises 16 fully operational rooms, designed to accommodate both short‑term and long‑term tenants:

2 × One‑Bedroom Apartments Fully equipped with kitchens, ideal for couples or long‑term tenants.
12 × Studio Apartments Fully equipped with kitchens, offering excellent occupancy rates and rental flexibility.
2 × Studio Rooms (without kitchen) Perfect for short stays or budget‑friendly rentals.

This diverse unit mix ensures strong year‑round demand and maximises rental income potential.

✨ Key Investment Highlights

Fully renovated in 2015
16 income‑producing units
Strong existing rental return
Tenants and bookings already in place
Low‑maintenance, modernised building
Ideal for long‑term investment or short‑term rental strategy
High demand from tourists, professionals, and students

📲 Included in the Sale

The property is sold with its established online rental accounts, allowing the new owner to seamlessly continue existing operations, maintain occupancy, and benefit from the property’s current visibility and booking history.

This significantly enhances the value of the investment as a ready‑made hospitality business.

📍 Location Benefits

The property is situated in a convenient and sought‑after area, offering:

Easy access to local amenities
Close proximity to schools, shops, cafés & services
Strong rental demand from professionals, families & students
Short drive to key transport routes and central Paphos

The location ensures year‑round occupancy and excellent rental performance.

🏡 Ideal For

Investors seeking a fully operational, income‑producing asset
Buyers looking for a renovated building with minimal maintenance
Those wanting immediate rental income with established platforms included
Portfolio expansion with a high‑demand rental product

✨ A Rare, Turnkey Investment Opportunity

With its full renovation, diverse unit mix, and strong existing rental income, combined with the inclusion of established online rental accounts, this apartment block stands out as a profitable, and ready‑to‑operate investment in one of Paphos’ most attractive rental markets.