Commercial Building, Mouttalos, Paphos Municipality, Paphos

"Properties listed with a Reserve Price indicate that the Seller reserves its right to not accept offers below the specified price. All offers must exceed the Reserve Price. While lower offers may be submitted, they are unlikely to be considered by the Seller."

Strategic commercial site featuring 20% shared ownership (Block 1) of a two-storey commercial structure, positioned in the Mouttalos Quarter of Paphos Municipality and district.

Location: Ideally situated approximately 175m east of Tomb of the Kings Avenue, placing it 1.2km from the beach and 2km from Paphos city center and the B7 motorway.

Property Highlights:
• Land Area: 5,352sq.m. total land area with flat topography.
• Ownership Share: 20% shared ownership corresponding specifically to Block 1 on the north-eastern edge of the parcel.
• Total Covered Area: 260sq.m. main commercial structure built approximately in 1995.

Existing Building Layout:
• Ground Floor: Dining layout equipped with an auxiliary area.
• Mezzanine: Secondary space converted into an apartment unit.
• First Floor: Configured with an outdoor bar, fencing, and an over-flow swimming pool roof garden.
• Basement: Utilized as a commercial kitchen, two (2) auxiliary rooms, dedicated storage, a pantry, and restrooms.

Key Advantages & Potential:
• Coastal Proximity: Excellent location near major tourist thoroughfares and the beach, providing high visibility and convenient access for commercial or residential redevelopment.

• Redevelopment Potential: 80% building coefficient zoning allows for significant expansion or future transformation into a specialized residential or commercial project up to three (3) storeys.

There is a separate title deed for this property.

Energy Category: C