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By Gillian Boone

Kato Paphos Prime Real Estate Up For Grabs.
Headlines about the property market overheating have been circulating for months now and it is no wonder that many of us are somewhat nervous when jostling for a place on the property ladder. Most of the news has been directed at the housing property market, though commercial properties are being snapped up with equal vigour, if with less publicity. Real bargains do not come around often but when they do one needs to take notice. Hard-nosed businessmen do like to keep these things close to their chest and most of the commercial opportunities pass through hands with the utmost discretion. In short, most of us never get to hear about the ‘real gems’ that do exist.

However things are changing, the recent EU entry will vastly expand and open the commercial property end of the market. And its a good thing too, for we do need to inject some new blood into the sector. Then, finally, maybe our commercial landscape will become more innovative, more varied and more dynamic.

Case in point is the freehold sale of Demetra Hotel apartments, in the commercial heart of Kato Paphos, that is being offered to international investors. This freehold sprawling establishment offers 28 holiday apartments, restaurant, café, numerous shops, room for expansion, etc.

We all know that there are three attributes to keep in mind when looking for a sound property investment and that is location, location, location – Demetra apartments has all three in abundance. Add to this its land holdings and the fact that such release is very, very scarce in the middle of Kato Paphos commercial centre and you have an unbeatable opportunity to make an investment of a lifetime.

For a cool £3 million it could be yours and, considering where it is and its income generating capabilities, it is a bargain. With international clients clamouring for the prospectus and talk of converting it into an entertainment centre to be proud of, the next time you pop by the Grand Café you may find Starbucks, state of the arts cinema or whatever else that a savvy international marketing team can create.

It is still not too late for us to beat them to the punch though. Just call Fitzgerald Estates on 99 571 683 and it could be you that gets the prime piece of real estate and a sound investment to boot.