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Development of the house with 7 flats for rental business in Paphos

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Object №37763
City: Paphos
Area: Kato Paphos
Living space: 775 m²
Total area: 915 m²
Storeys: 5
Windows: Sea and mountains view

Additionally:

Heating: Yes
Parking: Yes
Storeroom: Yes
Kitchen: Yes
Elevator: Yes
Restroom: Yes
Payback: 12,3 years
IRR: 8%
ROI: 7,8%
Implementation: 24 months
€ 1 690 000
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info@dom.com.cy
+357 25 212 212

Description:

We offer you to consider an investment project for the construction of a residential building for 7 apartments in Paphos.

This investment is ideal for a rental business.

The future home is located in the city center, in an area that is one of the most charming areas of the city with high rental demand for both long-term and short-term rentals. Conveniently located 900 meters from the beach and within walking distance of many restaurants, shops, banks, pharmacies, grocery stores and the largest shopping center in Paphos.

The building has both the best location and the most modern architectural design with thoughtful layouts and high-quality finishes.

An ideal project for renting out apartments with a payback period of 12 years for long-term rentals.

The residential building consists of 6 two-bedroom apartments and one 2-bedroom penthouse with a private roof garden.

All permits are received, you can go to the construction in the shortest possible time.

This price includes the plot, the project with a construction permit and the actual construction of the entire house on a turnkey basis.

Economic indicators of the project:

  • The cost of construction of the turnkey project - 1 690 000 million euros
  • The project's rental revenue is 137,000 thousand euros per year.
  • The net profit of the project is 126,000 euros, which is 8% of the annual income on the invested funds, the project implementation period is maximum 2 years.

We will provide all financial calculations for the project from KPMG on request.

Our company can show you an equivalent house that is fully rented out in the first week after it is ready.

We offer you to consider an investment project for the construction of a residential building for 7 apartments in Paphos.

This investment is ideal for a rental business.

The future home is located in the city center, in an area that is one of the most charming areas of the city with high rental demand for both long-term and short-term rentals. Conveniently located 900 meters from the beach and within walking distance of many restaurants, shops, banks, pharmacies, grocery stores and the largest shopping center in Paphos.

The building has both the best location and the most modern architectural design with thoughtful layouts and high-quality finishes.

An ideal project for renting out apartments with a payback period of 12 years for long-term rentals.

The residential building consists of 6 two-bedroom apartments and one 2-bedroom penthouse with a private roof garden.

All permits are received, you can go to the construction in the shortest possible time.

This price includes the plot, the project with a construction permit and the actual construction of the entire house on a turnkey basis.

Economic indicators of the project:

  • The cost of construction of the turnkey project - 1 690 000 million euros
  • The project's rental revenue is 137,000 thousand euros per year.
  • The net profit of the project is 126,000 euros, which is 8% of the annual income on the invested funds, the project implementation period is maximum 2 years.

We will provide all financial calculations for the project from KPMG on request.

Our company can show you an equivalent house that is fully rented out in the first week after it is ready.

Read more ...
More info:
Rostislav Bondar
Location:
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Компания «Dom Real Estate» Контакты:
Адрес: Limassol, Cyprus,
Телефон:+357 25 212 212, Электронная почта: info@dom.com.cy
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