Apartment, 111m², Paphos (Cyprus), 640.000 €

Prime Mixed-Use Residential Development in Central PaphosThis contemporary mixed-use development is strategically located in the urban core of Paphos, one of Cyprus’ most established residential, cultural, and business districts. The project combines high-spec residential units with resort-style amenities and integrated commercial space, positioning it as a hybrid lifestyle and investment asset suited to both end users and yield-oriented buyers.The scheme is designed to deliver urban convenience with private-resort functionality, addressing sustained demand from professionals, families, international residents, and short-term rental users.Development Composition & LayoutThe development comprises 34 residential units arranged across multiple floors, complemented by commercial units on the lower levels. A preserved architectural structure within the plot has been repurposed into a resident clubhouse, reinforcing the project’s identity while adding functional shared space.Residential layouts are based on open-plan living concepts, with large glazing, efficient circulation, and private balconies or terraces. Upper floors benefit from extended outdoor areas and enhanced views over the city and the Mediterranean.Residential Unit Mix & SizesThe residential component includes 1-, 2-, and 3-bedroom apartments, as well as premium top-floor residences.Indicative internal covered areas:1-bedroom apartments: approx. 66.7 sq.m.2-bedroom apartments: approx. 92.2 – 95.2 sq.m.3-bedroom apartments: approx. 111.4 – 148.1 sq.m.Total covered areas (including covered verandas, parking, and communal allocation):From approx. 103.7 sq.m.Up to approx. 264.4 sq.m. for premium residences with extensive terracesEach unit includes private covered parking and allocated communal areas.Commercial UnitsThe development integrates commercial / office units positioned on the ground and lower floors, suitable for professional, service-oriented, or mixed-use purposes.Internal covered areas range from approx. 55 sq.m. to 76 sq.m.Total covered areas range from approx. 98 sq.m. to 126 sq.m.Flexible configuration allows use as offices or office–residential hybrid unitsThis component enhances the project’s urban functionality while adding diversification to the income profile.Pricing Overview (Indicative, excluding VAT)Based on current availability and executed sales:Residential UnitsStandard 3-bedroom apartments: approx. €640,000 – €645,000Premium upper-floor residences: approx. €980,000 – €1,150,000Pricing reflects prime central positioning, limited supply, integrated amenities, and high construction specifications.Commercial UnitsCommercial units are priced at approx. €2,000,000, subject to configuration and floor level.Amenities & ServicesThe development operates as an urban resort-style residential environment, offering a comprehensive amenity and services platform:Reception with concierge servicesIn-house café and loungeCommunal swimming poolGym, spa, sauna, and massage roomsBusiness centreResident clubhouse24/7 securityPrivate covered parkingFull property management, maintenance, cleaning, and rental support servicesThis infrastructure supports hands-off ownership and enhances rental performance.Location Fundamentals – Central PaphosThe asset benefits from immediate access to:Business and administrative district (offices, banks, government services)Major retail, dining, and entertainment destinationsCultural and archaeological landmarksHealthcare facilities, including the General HospitalBeaches, harbour, and coastline within short distanceSchools, kindergartens, and higher education institutionsThe location supports year-round occupancy and resilience across market cycles.Investment PerspectiveFrom an investment standpoint, the development offers:Strong rental demand from long-term and short-term marketsProfessional in-house property and rental managementExposure to Cyprus’ favourable tax and legal environmentFreehold ownership within an EU jurisdictionCapital appreciation potential driven by central urban scarcityThe asset is positioned as a low-risk, prime residential investment with lifestyle appeal and institutional-grade characteristics.