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Pay in USD and save up to $63,863A rare chance to acquire a fully reconstructed (2022) commercial building in the heart of Coral bay’ most famous tourist destination. Located just walking distance from hotels and from the sea, this property sits in a high-footfall "A+" zone surrounded by luxury villas and resorts.
• Total Covered Area: 489 sq.m. across 4 levels (Basement, Ground, Mezzanine, 1st Floor).
• Plot Size: 600 sq.m.
• Massive Terrace: 120 sq.m. of covered/open seating area—the property’s most valuable asset, accommodating 180 guests.
• Ready for Business: 120 kW high-power electricity connection and professional industrial ventilation already installed.
RESIDENTIAL & LIFESTYLE
• Top Floor Apartment: A high-spec 130+ sq.m. 3-bedroom residence is included on the upper floor. Perfect for an owner-operator or as a high-end rental unit.
UNMATCHED INVESTMENT POTENTIAL (VALUE-ADD)
• Hidden Floor Expansion: The ground floor features a "hidden" height of 580cm. A buyer can add an entire additional floor between the ground and mezzanine levels to instantly increase square footage and value.
• Apart-Hotel Conversion: The internal structure is pre-designed for easy reconstruction into a boutique hotel with 12 to 20 guest rooms.
• Rooftop Luxury: The structure is reinforced and ready for a private rooftop veranda or a swimming pool.
LEGAL & TAX ADVANTAGES
• 0% Transfer Tax: Sale is structured via a share transfer of a clean "paper" company, saving the buyer approximately €80,000 in government fees.
• Title Deeds: Clear freehold title deeds held since 2012.
• Turnkey Licensing: 100% compliant and ready to receive a new CTO (Cyprus Tourist Organization) license immediately.
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.
Disclaimer - Property reference 8374216. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.
