Investment (Commercial) in Universal for Sale

€21,000,000Ref: FCH-INV17221


Plot Area: 14930m2

Covered Area: 11220m2

ROI: 5.5%


Houses the University Paphos since its inception in 2010, following a renovation and part
transformation into a university building
− Previously operated as an 193?room hotel
? Located 500m from the sea front, on a central commercial and tourist axis
− surrounded by hotels, shops and restaurants
− within 10 minutes from Pafos International Airport and direct access to motorway
? Technical characteristics:
− Basement, Ground floor and three additional floors
− Built area: 11,220 sqm
− Teaching facilities & offices: 4,660 sqm
− Dormitory rooms (88): 1,980 sqm
− Service&common areas, indoor&outdoor pools, cafeteria, etc. : 4,580 sqm
− Plot land area of 14,930 sqm
− Plot within flexible planning zone, enabling residential, commercial and tourist use
? University is a fast?growing European Union accredited University with >1,500 students that provides
a wide range of undergraduate and post graduate courses

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