Commercial Building, Mouttalos, Paphos Municipality, Paphos

Covered area 260 m²
Number of floors 2
Occupancy status Vacant
Share ownership 20%

Property description

"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.

Energy Category: C

Extra information

General

Share ownership 20%
Occupancy status Vacant

Plot

Land size 5.352 m²
Slope Flat
Registration number 0/27803
Sheet/Plan 51/02
Address Pefkiou Georgiadi Str. 10, 8015

Building

Number of floors 2

Unit

Covered area 260 m²
Uncovered veranda area 112 m²
Floor number Basement

Documents

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Disclaimer: The property is owned by Eurobank. The highlighted colored area on photos is used only for identification purposes and may not reflect the actual area. Prior to submitting a tender for the property, we recommend that you seek independent advice regarding any legal matter, any applicable transfer fees and VAT.

Disclaimer: The sale of the property, which comprises of a property share is subject to the right of first refusal granted to co-owners under section 25 of the Immovable Property (Tenure, Registration and Valuation) Law, Cap. 224.