Geroskipou, Paphos, Cyprus
Offers in Region of
€1,700,000
- PROPERTY TYPE
Serviced Apartments
- BEDROOMS
9
- BATHROOMS
9
- SIZE
4,306 sq ft
400 sq m
Key features
- Entire income-producing residential apartment building
- €6,000 monthly rental income - €72,000 annually
- Six apartments: three 2-bedroom and three 1-bedroom
- Six separate Individual Title Deeds
- Existing long-term rental agreement
- Prime Yeroskipou Old Town Centre location
- Potential for future individual apartment sales
- Professional property-management services available
- Suitable for private and institutional investors
- Purchase price: €1,700,000 - No VAT
Description
PRIME INCOME-PRODUCING APARTMENT BUILDING IN PAPHOS
PURCHASE PRICE: €1,700,000 - NO VAT
€6,000 MONTHLY RENTAL INCOME
€72,000 ANNUAL RENTAL INCOME
APPROXIMATE GROSS RENTAL YIELD: 4.24%*
SIX INDEPENDENT RESIDENTIAL APARTMENTS
SIX SEPARATE INDIVIDUAL TITLE DEEDS
EXISTING LONG-TERM RENTAL AGREEMENT
FAST-DEAL OPPORTUNITY
FLEXIBLE PAYMENT TERMS AVAILABLE
PRIME YEROSKIPOU OLD TOWN LOCATION
ESTABLISHED INCOME FROM THE FIRST DAY OF OWNERSHIP
An exceptional opportunity to acquire an entire income-producing residential apartment building in Yeroskipou Old Town Centre, one of Paphos's most established residential communities.
The property comprises six independent apartments, each benefiting from its own separate Individual Title Deed.
The accommodation includes:
* Three spacious two-bedroom apartments
* Three comfortable one-bedroom apartments
The building is already operating as an income-producing residential asset under an existing long-term rental arrangement.
Current rental income is approximately €6,000 per month, equivalent to €72,000 per year. This gives the purchaser access to an established income stream from the date of acquisition, subject to the terms and continuation of the existing tenancy arrangement.
At the stated purchase price of €1,700,000, the current annual rent represents an approximate gross rental yield of 4.24% before operating costs, management fees, maintenance, insurance, taxation and other expenses.
The seller is prepared to consider a fast and efficient transaction with a serious, qualified purchaser. Flexible payment terms may also be discussed and confirmed in the contract of sale.
INVESTMENT HIGHLIGHTS
* Entire residential apartment building
* Fully income-producing investment asset
* Existing long-term rental arrangement
* Established monthly rental income
* Approximately €6,000 income per month
* Approximately €72,000 income per year
* Approximate gross rental yield of 4.24%*
* Six independent residential apartments
* Three two-bedroom apartments
* Three one-bedroom apartments
* Six separate Individual Title Deeds
* Potential flexibility for individual apartment sales
* Potential flexibility for refinancing
* Suitable for long-term portfolio ownership
* Professional property management available
* Established Yeroskipou residential location
* Convenient access to central Paphos
* No VAT applicable
* Fast-deal opportunity
* Flexible payment terms available
* Suitable for private and institutional investors
PROPERTY COMPOSITION
The building contains six self-contained residential apartments.
The accommodation is arranged as follows:
THREE TWO-BEDROOM APARTMENTS
The two-bedroom apartments offer practical accommodation for couples, small families, professionals or tenants requiring a separate guest bedroom or home office.
Their flexible layouts may appeal to:
* Families with one child
* Professional couples
* Business tenants
* Long-term international residents
* Tenants working remotely
* Employers requiring staff accommodation
THREE ONE-BEDROOM APARTMENTS
The one-bedroom apartments provide manageable and efficient accommodation for individuals, couples, professionals and retirees.
They may appeal to:
* Single professionals
* Young couples
* Business travellers requiring longer stays
* Retirees
* University-related tenants
* International residents
The combination of one-bedroom and two-bedroom units diversifies the building's tenant profile and reduces dependence on a single apartment category.
SIX INDIVIDUAL TITLE DEEDS
Each apartment benefits from its own separate Individual Title Deed.
This is one of the property's strongest investment features because it may provide greater legal and commercial flexibility than a building held under only one combined ownership title.
Subject to the purchaser's strategy, legal advice and market conditions, separate Title Deeds may support:
* Individual apartment resale
* Phased disposal of units
* Separate ownership registration
* Portfolio restructuring
* Refinancing discussions
* Family or estate planning
* Retention of selected apartments while selling others
* Different leasing or ownership strategies for individual units
The purchaser should appoint an independent Cyprus lawyer to review all six Title Deeds, confirm the registered ownership and complete the necessary Land Registry searches.
The lawyer should also verify whether any mortgages, charges, encumbrances or other registrations affect the building or individual apartments.
ESTABLISHED LONG-TERM RENTAL INCOME
The property is currently income-producing under an existing long-term rental arrangement.
The stated rental figures are:
* Monthly rental income: approximately €6,000
* Annual rental income: approximately €72,000
The established rental arrangement allows an investor to acquire an operating asset rather than an empty building requiring an entirely new letting campaign.
This may offer several benefits:
* Existing monthly cash flow
* Reduced initial vacancy risk
* No requirement to source six new tenants immediately
* Existing operational history
* Greater visibility over current rental performance
* Faster transition into ownership
* Potential continuity of property management
The existing tenancy agreement and supporting rental records should be reviewed as part of the purchaser's due-diligence process.
The buyer should confirm:
* Length of the tenancy agreement
* Remaining contract term
* Rent-review provisions
* Deposit arrangements
* Maintenance responsibilities
* Utility responsibilities
* Insurance obligations
* Termination rights
* Renewal options
* Payment history
* Whether the stated income is gross or net of any expenses
INDICATIVE RENTAL YIELD
Based on a purchase price of €1,700,000 and annual rental income of €72,000, the property provides an approximate gross rental yield of 4.24%.
Calculation:
€72,000 annual rent ÷ €1,700,000 purchase price × 100 = approximately 4.24%
This calculation is based solely on the stated purchase price and rental income.
It does not account for:
* Property-management fees
* Building maintenance
* Repairs
* Insurance
* Communal expenses
* Taxes
* Vacancy
* Legal and accounting expenses
* Future refurbishment costs
* Financing expenses
Prospective purchasers should prepare their own financial assessment using verified income and expense records.
POTENTIAL FOR FUTURE RENTAL GROWTH
The building is located in an established Paphos residential area where demand may be supported by local residents, families, professionals and international tenants.
Potential future rental performance will depend on:
* Market conditions
* Apartment condition
* Furnishing levels
* Tenant demand
* Lease terms
* Local supply
* Property management
* Maintenance and refurbishment
* General economic conditions
No future rent increase or capital appreciation is guaranteed.
However, the mix of one-bedroom and two-bedroom apartments provides flexibility to serve different tenant profiles.
POTENTIAL FOR INDIVIDUAL APARTMENT SALES
Because each apartment has a separate Individual Title Deed, the purchaser may have the option to retain the building as one income-producing asset or consider selling individual apartments in the future.
A phased-sale strategy may allow an investor to:
* Retain selected income-producing units
* Sell apartments individually when market conditions are favourable
* Recover capital over time
* Adjust the portfolio according to investment objectives
* Offer units to different categories of buyers
Any individual sales strategy should be reviewed with legal, tax and property professionals.
The achievable sale price of each apartment will depend on its condition, size, floor, configuration, market demand and the wider Paphos property market.
SUITABLE FOR PORTFOLIO DIVERSIFICATION
The property may be suitable for investors seeking exposure to residential real estate within Cyprus and the wider European market.
It may appeal to:
* Private investors
* Family offices
* Investment companies
* Real estate funds
* Corporate buyers
* International property investors
* Buyers seeking employee accommodation
* Investors diversifying from commercial property
* Buyers seeking established rental cash flow
* Investors planning a long-term hold
The building provides six residential units within one acquisition while preserving the flexibility associated with separate Title Deeds.
EMPLOYEE OR CORPORATE ACCOMMODATION
The property may also suit companies seeking residential accommodation for employees, executives or project teams.
Its combination of one-bedroom and two-bedroom apartments may support different accommodation needs within one building.
Potential corporate uses remain subject to the existing tenancy agreement, applicable planning requirements and the buyer's intended strategy.
PRIME YEROSKIPOU OLD TOWN LOCATION
Yeroskipou is one of the most established residential communities within the wider Paphos area.
It combines traditional Cypriot character with convenient access to modern services, central Paphos and the coastline.
The location provides access to:
* Paphos city centre
* Yeroskipou Old Town
* Supermarkets and local shops
* Restaurants and cafés
* Schools and educational facilities
* Banks and professional offices
* Medical and healthcare services
* Beaches and coastal areas
* Shopping centres
* Major road connections
* Paphos International Airport
This established location supports demand from local residents, international tenants, professionals and families.
ACCESS TO CENTRAL PAPHOS
The property is positioned within convenient reach of central Paphos, giving tenants access to commercial, professional and everyday services.
This may be particularly attractive to tenants working in:
* Banking and finance
* Legal and accounting services
* Tourism and hospitality
* Healthcare
* Education
* Construction and property
* Retail and services
* International companies
Convenient access to employment areas may support long-term residential demand.
ACCESS TO PAPHOS INTERNATIONAL AIRPORT
Yeroskipou provides practical access to Paphos International Airport.
This is an advantage for international owners, business travellers, overseas investors and tenants who travel regularly.
Airline routes and schedules will vary by season and operator.
LONG-TERM CAPITAL APPRECIATION POTENTIAL
The building may offer long-term capital appreciation potential due to:
* Its established Paphos location
* Six separate residential units
* Six Individual Title Deeds
* Existing income generation
* Flexible future disposal options
* Continued international interest in Paphos
* Demand for residential accommodation
Any future increase in value will depend on market conditions and cannot be guaranteed.
PROFESSIONAL PROPERTY MANAGEMENT
Professional property-management services are available for purchasers who require local support.
Services may include:
* Tenant communication
* Rent collection
* Tenancy administration
* Routine inspections
* Maintenance coordination
* Contractor management
* Accounting support
* Expense reporting
* Renewal coordination
* Owner reporting
The precise scope and fees will be agreed separately.
Professional management may be particularly useful for overseas investors, family offices and corporate purchasers who do not maintain a permanent operational team in Cyprus.
FAST-DEAL OPPORTUNITY
The seller is prepared to consider a fast and efficient transaction for a serious, qualified purchaser.
The building is already completed, occupied and producing rental income. Six separate Title Deeds are available for independent legal review.
This may support a more efficient transaction than acquiring a property that remains under construction or is awaiting future title issuance.
A potential fast-deal process may include:
1. Initial enquiry and confidentiality arrangements, if required.
2. Private property presentation.
3. Review of rental and property information.
4. Confirmation of the commercial terms.
5. Appointment of the purchaser's independent lawyer.
6. Legal, technical and financial due diligence.
7. Review of all six Individual Title Deeds.
8. Review of the existing tenancy agreement.
9. Signing of the reservation or sale agreement.
10. Completion of the agreed payments.
11. Land Registry transfer and handover.
The actual completion timetable will depend on the readiness of both parties, legal review, documentation and Land Registry arrangements.
FLEXIBLE PAYMENT TERMS
Flexible payment terms may be discussed with the seller.
The final payment structure may take into account:
* The purchaser's proposed completion date
* Due-diligence requirements
* Deposit amount
* Signing of the contract of sale
* Land Registry transfer arrangements
* The seller's acceptance
All agreed payment terms should be clearly included within the written contract.
Prospective purchasers should not rely on verbal arrangements. The deposit, payment stages, final balance and completion conditions should be documented and reviewed by the appointed lawyers.
PURCHASE PRICE
Purchase price: €1,700,000
VAT: No VAT
The no-VAT status should be independently confirmed by the purchaser's legal and tax advisers.
Additional acquisition costs may include:
* Legal fees
* Stamp duty
* Land Registry transfer fees
* Technical due diligence
* Property valuation
* Accounting and tax advice
* Financing expenses, where applicable
The purchaser should obtain an independent estimate of all acquisition costs before proceeding.
LEGAL DUE DILIGENCE
The purchaser's independent lawyer should review:
* Ownership information
* Six Individual Title Deeds
* Land Registry searches
* Mortgages, charges or encumbrances
* Existing tenancy agreement
* Planning and building documentation
* Tax and municipal obligations
* Contract of sale
* Transfer arrangements
* Included fixtures and common areas
* Rights and obligations relating to tenants
Independent legal review is particularly important when acquiring an occupied income-producing building.
FINANCIAL DUE DILIGENCE
The purchaser should review:
* Existing tenancy agreement
* Rental-payment history
* Bank or accounting records
* Operating expenses
* Maintenance costs
* Insurance
* Property-management fees
* Municipal expenses
* Repairs and capital expenditure
* Vacancy history
* Tenant deposits
This information will allow the buyer to calculate net operating income and assess the investment according to their own objectives.
TECHNICAL DUE DILIGENCE
A qualified engineer or surveyor may be appointed to inspect:
* Building condition
* Structural condition
* Electrical installations
* Plumbing and drainage
* Common areas
* Roof and external areas
* Fire-safety systems
* Maintenance requirements
* Expected future repairs
The technical review can help the purchaser estimate future maintenance and capital expenditure.
PRIVATE PRESENTATIONS AND VIEWINGS
Private presentations and property viewings are available for serious prospective purchasers.
Interested buyers may request:
* Current property photographs
* Apartment information
* Title Deed documentation
* Existing tenancy information
* Rental records
* Property-management information
* Legal documents
* Private in-person viewing
* Online investment presentation
* Guidance regarding the purchase process
Supporting documents will be provided according to the stage of discussions and the seller's disclosure arrangements.
ABOUT TRUEVINE PROPERTY DEVELOPER
TrueVine Property Developer is a Cyprus-based property company focused on residential development, property sales and investment opportunities across the Paphos region.
TrueVine works with local architects, engineers, quantity surveyors, contractors, lawyers, accountants and property professionals.
The company provides support for local and international buyers, including:
* Property presentations
* Viewing coordination
* Transaction support
* Cooperation with purchaser-appointed lawyers
* Property-management arrangements
* After-sales assistance
CONTACT
TRUEVINE PROPERTY DEVELOPER
Call or WhatsApp:
+
Website:
[
Private presentations are available by appointment for qualified purchasers.
INVESTMENT SUMMARY
Purchase price: €1,700,000
VAT: No VAT
Property type: Residential apartment building
Number of apartments: Six
Apartment mix:
* Three two-bedroom apartments
* Three one-bedroom apartments
Ownership:
* Six separate Individual Title Deeds
Current rental income:
* Approximately €6,000 per month
* Approximately €72,000 per year
Indicative gross rental yield:
* Approximately 4.24%*
Transaction:
* Fast-deal opportunity
* Flexible payment terms available
WHY CONSIDER THIS INVESTMENT?
This property offers a combination of features that is not always available within a single residential acquisition:
* An entire completed apartment building
* Six independent rental units
* Existing long-term rental income
* Six separate Individual Title Deeds
* Potential future individual apartment sales
* Established Yeroskipou location
* Professional property management available
* No VAT applicable
* Fast-sale potential
* Flexible payment terms
For a prepared investor seeking established rental income and future portfolio flexibility in Paphos, this building represents a compelling opportunity.
#PaphosInvestment #CyprusProperty #Yeroskipou #ApartmentBuilding #IncomeProperty #RentalIncome #CashFlowProperty #TitleDeeds #BuyToLet #InvestmentProperty #CyprusRealEstate #EuropeanProperty #PropertyPortfolio #FamilyOffice #InstitutionalInvestment #InternationalInvestors #NoVAT #FastDeal #FlexiblePayment #TrueVineDeveloper
IMPORTANT INFORMATION
The stated rental income and approximate yield should be verified against the available tenancy, accounting and financial records.
The yield calculation is based on gross stated income and does not account for operating costs, vacancy, management fees, maintenance, insurance, taxation or acquisition expenses.
The six Title Deeds, VAT treatment, tenancy terms, property condition and all sale details should be independently verified during legal, financial and technical due diligence.
Future rental income and capital appreciation are not guaranteed.
PURCHASE PRICE: €1,700,000 - NO VAT
€6,000 MONTHLY RENTAL INCOME
€72,000 ANNUAL RENTAL INCOME
APPROXIMATE GROSS RENTAL YIELD: 4.24%*
SIX INDEPENDENT RESIDENTIAL APARTMENTS
SIX SEPARATE INDIVIDUAL TITLE DEEDS
EXISTING LONG-TERM RENTAL AGREEMENT
FAST-DEAL OPPORTUNITY
FLEXIBLE PAYMENT TERMS AVAILABLE
PRIME YEROSKIPOU OLD TOWN LOCATION
ESTABLISHED INCOME FROM THE FIRST DAY OF OWNERSHIP
An exceptional opportunity to acquire an entire income-producing residential apartment building in Yeroskipou Old Town Centre, one of Paphos's most established residential communities.
The property comprises six independent apartments, each benefiting from its own separate Individual Title Deed.
The accommodation includes:
* Three spacious two-bedroom apartments
* Three comfortable one-bedroom apartments
The building is already operating as an income-producing residential asset under an existing long-term rental arrangement.
Current rental income is approximately €6,000 per month, equivalent to €72,000 per year. This gives the purchaser access to an established income stream from the date of acquisition, subject to the terms and continuation of the existing tenancy arrangement.
At the stated purchase price of €1,700,000, the current annual rent represents an approximate gross rental yield of 4.24% before operating costs, management fees, maintenance, insurance, taxation and other expenses.
The seller is prepared to consider a fast and efficient transaction with a serious, qualified purchaser. Flexible payment terms may also be discussed and confirmed in the contract of sale.
INVESTMENT HIGHLIGHTS
* Entire residential apartment building
* Fully income-producing investment asset
* Existing long-term rental arrangement
* Established monthly rental income
* Approximately €6,000 income per month
* Approximately €72,000 income per year
* Approximate gross rental yield of 4.24%*
* Six independent residential apartments
* Three two-bedroom apartments
* Three one-bedroom apartments
* Six separate Individual Title Deeds
* Potential flexibility for individual apartment sales
* Potential flexibility for refinancing
* Suitable for long-term portfolio ownership
* Professional property management available
* Established Yeroskipou residential location
* Convenient access to central Paphos
* No VAT applicable
* Fast-deal opportunity
* Flexible payment terms available
* Suitable for private and institutional investors
PROPERTY COMPOSITION
The building contains six self-contained residential apartments.
The accommodation is arranged as follows:
THREE TWO-BEDROOM APARTMENTS
The two-bedroom apartments offer practical accommodation for couples, small families, professionals or tenants requiring a separate guest bedroom or home office.
Their flexible layouts may appeal to:
* Families with one child
* Professional couples
* Business tenants
* Long-term international residents
* Tenants working remotely
* Employers requiring staff accommodation
THREE ONE-BEDROOM APARTMENTS
The one-bedroom apartments provide manageable and efficient accommodation for individuals, couples, professionals and retirees.
They may appeal to:
* Single professionals
* Young couples
* Business travellers requiring longer stays
* Retirees
* University-related tenants
* International residents
The combination of one-bedroom and two-bedroom units diversifies the building's tenant profile and reduces dependence on a single apartment category.
SIX INDIVIDUAL TITLE DEEDS
Each apartment benefits from its own separate Individual Title Deed.
This is one of the property's strongest investment features because it may provide greater legal and commercial flexibility than a building held under only one combined ownership title.
Subject to the purchaser's strategy, legal advice and market conditions, separate Title Deeds may support:
* Individual apartment resale
* Phased disposal of units
* Separate ownership registration
* Portfolio restructuring
* Refinancing discussions
* Family or estate planning
* Retention of selected apartments while selling others
* Different leasing or ownership strategies for individual units
The purchaser should appoint an independent Cyprus lawyer to review all six Title Deeds, confirm the registered ownership and complete the necessary Land Registry searches.
The lawyer should also verify whether any mortgages, charges, encumbrances or other registrations affect the building or individual apartments.
ESTABLISHED LONG-TERM RENTAL INCOME
The property is currently income-producing under an existing long-term rental arrangement.
The stated rental figures are:
* Monthly rental income: approximately €6,000
* Annual rental income: approximately €72,000
The established rental arrangement allows an investor to acquire an operating asset rather than an empty building requiring an entirely new letting campaign.
This may offer several benefits:
* Existing monthly cash flow
* Reduced initial vacancy risk
* No requirement to source six new tenants immediately
* Existing operational history
* Greater visibility over current rental performance
* Faster transition into ownership
* Potential continuity of property management
The existing tenancy agreement and supporting rental records should be reviewed as part of the purchaser's due-diligence process.
The buyer should confirm:
* Length of the tenancy agreement
* Remaining contract term
* Rent-review provisions
* Deposit arrangements
* Maintenance responsibilities
* Utility responsibilities
* Insurance obligations
* Termination rights
* Renewal options
* Payment history
* Whether the stated income is gross or net of any expenses
INDICATIVE RENTAL YIELD
Based on a purchase price of €1,700,000 and annual rental income of €72,000, the property provides an approximate gross rental yield of 4.24%.
Calculation:
€72,000 annual rent ÷ €1,700,000 purchase price × 100 = approximately 4.24%
This calculation is based solely on the stated purchase price and rental income.
It does not account for:
* Property-management fees
* Building maintenance
* Repairs
* Insurance
* Communal expenses
* Taxes
* Vacancy
* Legal and accounting expenses
* Future refurbishment costs
* Financing expenses
Prospective purchasers should prepare their own financial assessment using verified income and expense records.
POTENTIAL FOR FUTURE RENTAL GROWTH
The building is located in an established Paphos residential area where demand may be supported by local residents, families, professionals and international tenants.
Potential future rental performance will depend on:
* Market conditions
* Apartment condition
* Furnishing levels
* Tenant demand
* Lease terms
* Local supply
* Property management
* Maintenance and refurbishment
* General economic conditions
No future rent increase or capital appreciation is guaranteed.
However, the mix of one-bedroom and two-bedroom apartments provides flexibility to serve different tenant profiles.
POTENTIAL FOR INDIVIDUAL APARTMENT SALES
Because each apartment has a separate Individual Title Deed, the purchaser may have the option to retain the building as one income-producing asset or consider selling individual apartments in the future.
A phased-sale strategy may allow an investor to:
* Retain selected income-producing units
* Sell apartments individually when market conditions are favourable
* Recover capital over time
* Adjust the portfolio according to investment objectives
* Offer units to different categories of buyers
Any individual sales strategy should be reviewed with legal, tax and property professionals.
The achievable sale price of each apartment will depend on its condition, size, floor, configuration, market demand and the wider Paphos property market.
SUITABLE FOR PORTFOLIO DIVERSIFICATION
The property may be suitable for investors seeking exposure to residential real estate within Cyprus and the wider European market.
It may appeal to:
* Private investors
* Family offices
* Investment companies
* Real estate funds
* Corporate buyers
* International property investors
* Buyers seeking employee accommodation
* Investors diversifying from commercial property
* Buyers seeking established rental cash flow
* Investors planning a long-term hold
The building provides six residential units within one acquisition while preserving the flexibility associated with separate Title Deeds.
EMPLOYEE OR CORPORATE ACCOMMODATION
The property may also suit companies seeking residential accommodation for employees, executives or project teams.
Its combination of one-bedroom and two-bedroom apartments may support different accommodation needs within one building.
Potential corporate uses remain subject to the existing tenancy agreement, applicable planning requirements and the buyer's intended strategy.
PRIME YEROSKIPOU OLD TOWN LOCATION
Yeroskipou is one of the most established residential communities within the wider Paphos area.
It combines traditional Cypriot character with convenient access to modern services, central Paphos and the coastline.
The location provides access to:
* Paphos city centre
* Yeroskipou Old Town
* Supermarkets and local shops
* Restaurants and cafés
* Schools and educational facilities
* Banks and professional offices
* Medical and healthcare services
* Beaches and coastal areas
* Shopping centres
* Major road connections
* Paphos International Airport
This established location supports demand from local residents, international tenants, professionals and families.
ACCESS TO CENTRAL PAPHOS
The property is positioned within convenient reach of central Paphos, giving tenants access to commercial, professional and everyday services.
This may be particularly attractive to tenants working in:
* Banking and finance
* Legal and accounting services
* Tourism and hospitality
* Healthcare
* Education
* Construction and property
* Retail and services
* International companies
Convenient access to employment areas may support long-term residential demand.
ACCESS TO PAPHOS INTERNATIONAL AIRPORT
Yeroskipou provides practical access to Paphos International Airport.
This is an advantage for international owners, business travellers, overseas investors and tenants who travel regularly.
Airline routes and schedules will vary by season and operator.
LONG-TERM CAPITAL APPRECIATION POTENTIAL
The building may offer long-term capital appreciation potential due to:
* Its established Paphos location
* Six separate residential units
* Six Individual Title Deeds
* Existing income generation
* Flexible future disposal options
* Continued international interest in Paphos
* Demand for residential accommodation
Any future increase in value will depend on market conditions and cannot be guaranteed.
PROFESSIONAL PROPERTY MANAGEMENT
Professional property-management services are available for purchasers who require local support.
Services may include:
* Tenant communication
* Rent collection
* Tenancy administration
* Routine inspections
* Maintenance coordination
* Contractor management
* Accounting support
* Expense reporting
* Renewal coordination
* Owner reporting
The precise scope and fees will be agreed separately.
Professional management may be particularly useful for overseas investors, family offices and corporate purchasers who do not maintain a permanent operational team in Cyprus.
FAST-DEAL OPPORTUNITY
The seller is prepared to consider a fast and efficient transaction for a serious, qualified purchaser.
The building is already completed, occupied and producing rental income. Six separate Title Deeds are available for independent legal review.
This may support a more efficient transaction than acquiring a property that remains under construction or is awaiting future title issuance.
A potential fast-deal process may include:
1. Initial enquiry and confidentiality arrangements, if required.
2. Private property presentation.
3. Review of rental and property information.
4. Confirmation of the commercial terms.
5. Appointment of the purchaser's independent lawyer.
6. Legal, technical and financial due diligence.
7. Review of all six Individual Title Deeds.
8. Review of the existing tenancy agreement.
9. Signing of the reservation or sale agreement.
10. Completion of the agreed payments.
11. Land Registry transfer and handover.
The actual completion timetable will depend on the readiness of both parties, legal review, documentation and Land Registry arrangements.
FLEXIBLE PAYMENT TERMS
Flexible payment terms may be discussed with the seller.
The final payment structure may take into account:
* The purchaser's proposed completion date
* Due-diligence requirements
* Deposit amount
* Signing of the contract of sale
* Land Registry transfer arrangements
* The seller's acceptance
All agreed payment terms should be clearly included within the written contract.
Prospective purchasers should not rely on verbal arrangements. The deposit, payment stages, final balance and completion conditions should be documented and reviewed by the appointed lawyers.
PURCHASE PRICE
Purchase price: €1,700,000
VAT: No VAT
The no-VAT status should be independently confirmed by the purchaser's legal and tax advisers.
Additional acquisition costs may include:
* Legal fees
* Stamp duty
* Land Registry transfer fees
* Technical due diligence
* Property valuation
* Accounting and tax advice
* Financing expenses, where applicable
The purchaser should obtain an independent estimate of all acquisition costs before proceeding.
LEGAL DUE DILIGENCE
The purchaser's independent lawyer should review:
* Ownership information
* Six Individual Title Deeds
* Land Registry searches
* Mortgages, charges or encumbrances
* Existing tenancy agreement
* Planning and building documentation
* Tax and municipal obligations
* Contract of sale
* Transfer arrangements
* Included fixtures and common areas
* Rights and obligations relating to tenants
Independent legal review is particularly important when acquiring an occupied income-producing building.
FINANCIAL DUE DILIGENCE
The purchaser should review:
* Existing tenancy agreement
* Rental-payment history
* Bank or accounting records
* Operating expenses
* Maintenance costs
* Insurance
* Property-management fees
* Municipal expenses
* Repairs and capital expenditure
* Vacancy history
* Tenant deposits
This information will allow the buyer to calculate net operating income and assess the investment according to their own objectives.
TECHNICAL DUE DILIGENCE
A qualified engineer or surveyor may be appointed to inspect:
* Building condition
* Structural condition
* Electrical installations
* Plumbing and drainage
* Common areas
* Roof and external areas
* Fire-safety systems
* Maintenance requirements
* Expected future repairs
The technical review can help the purchaser estimate future maintenance and capital expenditure.
PRIVATE PRESENTATIONS AND VIEWINGS
Private presentations and property viewings are available for serious prospective purchasers.
Interested buyers may request:
* Current property photographs
* Apartment information
* Title Deed documentation
* Existing tenancy information
* Rental records
* Property-management information
* Legal documents
* Private in-person viewing
* Online investment presentation
* Guidance regarding the purchase process
Supporting documents will be provided according to the stage of discussions and the seller's disclosure arrangements.
ABOUT TRUEVINE PROPERTY DEVELOPER
TrueVine Property Developer is a Cyprus-based property company focused on residential development, property sales and investment opportunities across the Paphos region.
TrueVine works with local architects, engineers, quantity surveyors, contractors, lawyers, accountants and property professionals.
The company provides support for local and international buyers, including:
* Property presentations
* Viewing coordination
* Transaction support
* Cooperation with purchaser-appointed lawyers
* Property-management arrangements
* After-sales assistance
CONTACT
TRUEVINE PROPERTY DEVELOPER
Call or WhatsApp:
+
Website:
[
Private presentations are available by appointment for qualified purchasers.
INVESTMENT SUMMARY
Purchase price: €1,700,000
VAT: No VAT
Property type: Residential apartment building
Number of apartments: Six
Apartment mix:
* Three two-bedroom apartments
* Three one-bedroom apartments
Ownership:
* Six separate Individual Title Deeds
Current rental income:
* Approximately €6,000 per month
* Approximately €72,000 per year
Indicative gross rental yield:
* Approximately 4.24%*
Transaction:
* Fast-deal opportunity
* Flexible payment terms available
WHY CONSIDER THIS INVESTMENT?
This property offers a combination of features that is not always available within a single residential acquisition:
* An entire completed apartment building
* Six independent rental units
* Existing long-term rental income
* Six separate Individual Title Deeds
* Potential future individual apartment sales
* Established Yeroskipou location
* Professional property management available
* No VAT applicable
* Fast-sale potential
* Flexible payment terms
For a prepared investor seeking established rental income and future portfolio flexibility in Paphos, this building represents a compelling opportunity.
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IMPORTANT INFORMATION
The stated rental income and approximate yield should be verified against the available tenancy, accounting and financial records.
The yield calculation is based on gross stated income and does not account for operating costs, vacancy, management fees, maintenance, insurance, taxation or acquisition expenses.
The six Title Deeds, VAT treatment, tenancy terms, property condition and all sale details should be independently verified during legal, financial and technical due diligence.
Future rental income and capital appreciation are not guaranteed.
Brochures
Brochure 1
Geroskipou, Paphos, Cyprus
NEAREST AIRPORTS
Distances are straight line measurements- Pafos(International)4.1 miles
- Ercan(Local)65.0 miles
- Larnaka(International)67.7 miles
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Notes
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This is a property advertisement provided and maintained by Dears Developer Ltd, Paphos (reference 777TVbuilding) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.