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Pay in USD and save up to $79,946A rare opportunity to acquire a substantial coastal property in one of Paphos’ most strategic hospitality and tourism zones. Located in Lower Chloraka, close to the main road leading towards Coral Bay, near the King Evelthon Hotel, this property offers exceptional visibility, scale, land value and redevelopment potential for international investors.
Set on an impressive 5,570 sqm plot, with approximately 660 sqm of internal covered areas, the property currently comprises 7 bedrooms, multiple large living and reception areas, a spacious kitchen, expansive terraces, outdoor entertaining areas and extensive private grounds. The elevated position offers attractive sea views, open outlooks, mature palm trees and a strong Mediterranean resort feel.
The property requires renovation, making it ideal for an investor looking to reposition, upgrade and resell, or convert into a boutique hospitality asset, luxury rental villa, wellness retreat, serviced accommodation concept or small private hotel subject to planning permissions.
Key Features:
Title Deeds available
Property size: approx. 660 sqm
Land size: approx. 5,570 sqm
Bedrooms: 7
Location: Lower Chloraka, Paphos
Position: Close to the main road towards Coral Bay
Nearby landmark: Approximately opposite King Evelthon Hotel
Condition: Requires renovation
Investment profile: High-upside renovation / flip / hospitality redevelopment opportunity
Views: Sea views and open coastal outlooks
Outdoor areas: Large terraces, gardens, BBQ / entertainment area and extensive land, Swimming pool
This is a large-scale asset in a prime coastal corridor between Paphos and Coral Bay, an area with strong demand from tourists, holiday rental operators, boutique hotel investors and high-net-worth buyers seeking spacious Mediterranean properties.
The building is already substantial in size and benefits from generous internal volumes, large terraces, sea-facing outdoor spaces and a significant land plot. While renovation is required, the overall scale of the property means an investor can add value without starting from scratch. With the right refurbishment, branding and repositioning, the property has clear potential for capital appreciation and resale upside.
The combination of location, plot size, sea views and existing built area makes this a compelling acquisition for investors looking for a project with tangible upside in the Paphos coastal market.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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