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Pay in USD and save up to $78,132This expansive retail property is a prime commercial opportunity in the Agios Theodoros area of Paphos, formerly used as a supermarket. The property is well-situated within a vibrant commercial and residential neighborhood, close to major avenues, shopping areas, and popular tourist sites.
The asset consists of six adjoining shops with a total area of approximately 1,818 m², comprising:
Ground floor: 1,017 m²
Mezzanine: 105 m²
Basement: 696 m²
The property also includes 12 exclusive parking spaces and uncovered areas at the front and rear, offering convenient access for customers and deliveries.
The surrounding area combines residential developments with commercial and touristic activity, including shops, restaurants, hotels, and hotel apartments. Its strategic location ensures excellent connectivity to the rest of Paphos city, making it an attractive investment or business opportunity.
The property falls within two planning zones:
Zone Eβ: 140% building density, 50% coverage, 3 floors, maximum height 11.3 m
Zone Kα5: 100% building density, 50% coverage, 3 floors, maximum height 13.5 m
❓ FAQ
1. What is the total size of the retail space?
The property totals approximately 1,818 m², including the ground floor, mezzanine, and basement.
2. How many parking spaces are available?
The property enjoys 12 exclusive parking spaces plus uncovered areas at the front and rear.
3. What type of businesses is the space suitable for?
The space is ideal for retail, supermarket, commercial showrooms, or mixed-use operations given its large footprint and high visibility location.
4. What is the surrounding area like?
The area combines residential developments with commercial and touristic activity, offering excellent footfall from nearby shops, restaurants, hotels, and tourist attractions.
5. Are there planning restrictions?
Yes. The property falls under two planning zones with different building density and height allowances:
Zone Eβ: 140% density, 50% coverage, 3 floors, max 11.3 m height
Zone Kα5: 100% density, 50% coverage, 3 floors, max 13.5 m height
6. Is the property suitable for redevelopment?
Yes. Its zoning and size provide potential for commercial redevelopment or expansion, subject to planning approval.
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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