Mixed-use building in coral bay, pegeia, paphos
- Reference number: NIS179
- Area: 489 m²
- Type: Mixed use
- Condition: Resale
- Plot area: 600 m²
- Included: Storage room, Garden, Elevator, Balcony
- Construction year: Older
- Energy Efficiency: N/A
- Square meter price: €3.272 /m²
Exceptional mixed-use commercial building for sale in the heart of Coral Bay, Pegeia, Paphos. Ideally positioned just 200 meters from the renowned Coral Beach Hotel and approximately 300 meters from Thalassa Boutique Hotel & Spa, this property offers outstanding investment and redevelopment potential in one of Paphos’ most popular tourist destinations.
The property forms part of an established commercial complex, surrounded by restaurants, bars, retail shops, and beauty studios. Originally operating as a restaurant, the building was extensively renovated in 2022 to high-quality standards and can easily be transformed into a boutique hotel or apart-hotel development.
The building extends over four levels: basement, ground floor, mezzanine, and first floor, with a total building area of 489 m² on a 600 m² plot. Covered and uncovered verandas total approximately 120 m².
The ground floor currently includes a spacious dining area with bar, fully equipped kitchen, and disabled-access toilet facilities. The basement offers a large storage and service area with installed professional ventilation systems, making it ideal for restaurant or hospitality use.
The top floor features a spacious 3-bedroom apartment exceeding 130 m², ideal for owner accommodation or additional rental income.
Development Potential:
• Possibility to convert into an apart-hotel with approximately 12–20 rooms
• Potential to add an additional floor between the ground floor and mezzanine levels
• Roof terrace suitable for private veranda or rooftop swimming pool
• Additional swimming pool potential on the outdoor veranda side
Key Features:
• Mixed-Use Commercial Building
• Prime Coral Bay Location
• Building Size: 489 m²
• Plot Size: 600 m²
• 3-Bedroom Top Floor Apartment
• Four Levels: Basement, Ground Floor, Mezzanine & First Floor
• Renovated in 2022
• VRV Air Conditioning System
• Elevator Connecting All Levels
• Professional Kitchen & Ventilation System Installed
• 120 kW Electricity Supply Connected
• Four Groups of Restrooms Including Disabled Facilities
• 4 Private Parking Spaces
• Additional Parking Area for Approximately 20 Cars Available for Rent
• Separate Title Deeds
An outstanding opportunity for investors or hospitality operators seeking a versatile commercial property with strong redevelopment potential in the prestigious Coral Bay tourist area of Paphos.
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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