Cyprus Mail

€6.5 million deal on the cards for Paphos school

Paphos School For Sale

A now defunct private school in Paphos looks set to be sold for 6.5 million euros according to a debt servicing company.

“An offer was made this week and we are still in the process and all that entails. We will assess the buyers and proceed with the contract,” a spokesperson for APS told the Cyprus Mail on Friday.

The offer is from a consortium of Cypriot and foreign investors for the sale of school facilities in Achelia Paphos for €6.5 million on behalf of the Hellenic Bank.

“These processes can sometimes take a long time, up to two or three months, but we will do our best to expedite it.”

The facility was a private school with an area of 68,000 sq.m, however, the new potential buyers haven’t disclosed what the property will be used for.

The school has a total frontage of approximately 520 metres and the building is approximately six years old. The ground floor consists of three sections: the administrative area, the nursery, the primary, the high school, two courtyards and outdoor playing fields.

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