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Commercial for sale, Paphos, Timi, Dimos Anatolikis Pafou

Posted: 2 days ago
ID: 140151
Timi, Paphos, Cyprus
  • Total area: 521 m²
  • Bathrooms: 3
€1 300 000

Reference number: 24283

Here is an excellent investment opoortunity in Timi, Paphos district a comprehesive package comprising two residential lands and a strategically positioned building in seperated land, ready for development. Location: Conveniently situated just 15 minutes from Paphos town and 25 minutes from Limassol Marina , this property boasts easy access to amenities and attractions. Building features: Land: The building sits one a residentia land meauring 857m2 , in H3 zone with building density of 60% and 35% coverage, up to two floors allowance at a height of 8.3m. Restaurant : A spacious restaurant occupies the ground floor, spanning 317 m2 and complying with EU regulations. Basement: The property includes a substantial basement of 106m2 ideal for storage or versatile use. Apartments: Upstairs , three charming two-bedroom apartments, covering 225 m2 and featuring balconies with stunning views. The land behind the property, spans 1034 m2 , both boasting a H3 zone with building density of 60% and 35% coverage, up to two floors allowance at a height of 8.3m. Proposed ideas: Hotel apartment complex : Utilize the adjacent land to develop a hotel apartment complex with 48 units , incorporating the existing restaurant into the set up. Family friendly restaurant: Enhance the restaurants appeal by adding a playground area, catering to families. Consider converting top floor into employee accommodation for operational efficiency. Act now: Seize this opportunity before its gone - offers must be submitted by March 19th to secure your stake in this lucrative deal!!!
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Main Parameters

Plot area
1891 m²
Covered veranda
21 m²
Total area
521 m²
Number of floors
2
Year built
2009
Bedrooms
studio
Furnishing
Fully
Kitchen
No
Bathrooms
3
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FOX Smart Estate Agency

Location

Interactive map showing the area around the property. latitude 34.725452103317 and longitude 32.508447223746 Radius: 0.5 km Use the plus and minus buttons to zoom in and out.