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490m² Commercial for Sale in Coral Bay, Paphos District

  • Pre-Owned
  • 490m²
  • €1 600 000
Price per m²
€3265/m²
Title Transfer Fee
~€60,600
INDEX AI found 3 similar listings.
  • Ref. #: 33208
  • Plot area: 600m²
  • Furnishing: Partially furnished  

A 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.

Still have questions? Reach out to listing owner.
Can I rent it out? What is the internal area? How big is the covered veranda? What year was this property built? Does it have an air conditioning? Does the property have a parking lot?
  • €1 600 000
Price per m²
€3265/m²
Title Transfer Fee
~€60,600
INDEX AI found 3 similar listings.
  • Agency
  • R.N.:488 L.N.:344/E
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Other Listings of This Property

0
  • €1 600 000
  •   €2627/m2
  • 609m²
  • Pre-Owned
  • 243689
A commercial building located in the Coral Bay area of Pegeia, Paphos, within close proximity to Coral Beach Hotel and Thalassa Boutique Hotel & Spa, and surrounded by numerous residential villas and tourism-oriented developments. The property forms part of an established commercial complex comprising restaurants, bars, retail units, and service businesses, benefiting from strong footfall from both tourists and the local community. The building was fully reconstructed in 2022 to high standards and extends over four levels, including a basement, mezzanine, ground floor, and first floor. It features extensive indoor and outdoor areas with large covered and open terraces, providing significant seating capacity. The building is equipped with a high electrical capacity, professional ventilation systems, multiple restroom facilities, and elevator access connecting all levels. A three-bedroom apartment is located on the top floor, offering flexibility for residential use or staff accommodation. Additional benefits include on-site parking within the complex, access…
  • Agency
INDEX AI found 3 similar listings.
0
  • €1 600 000
  •   €3272/m2
  • 489m²
  • Pre-Owned
  • Yes, Uncovered
  • 14356
• Internal Area 489m2 • Plot 600m2 • Covered and Uncovered Veranda 120m2 • Four levels: ground floor, first floor, mezzanine and basement floors • 5 Guest Toilets (1 disable toilet) • 2 Staff Toilets with shower • 4 Storage rooms (Equipment, food, drinks, Refrigerator) • 2 Bars • Staff room • 4 Parking Spots
  • Agency
INDEX AI found 3 similar listings.
0
  • €1 600 000
  •   €3272/m2
  • 489m²
  • Pre-Owned
  • Yes, Uncovered
  • 14430
• Internal Area 489m2 • Plot 600m2 • Covered and Uncovered Veranda 120m2 • Four levels: ground floor, first floor, mezzanine and basement floors • 5 Guest Toilets (1 disable toilet) • 2 Staff Toilets with shower • 4 Storage rooms (Equipment, food, drinks, Refrigerator) • 2 Bars • Staff room • 4 Parking Spots
  • Agency
INDEX AI found 3 similar listings.

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