Commercial Building for Sale in Universal, Paphos
Location: Paphos, Kato Paphos - Universal
Price: €1,130,000

Overview

• Bathrooms: 5
• Toilets: 5
• Kitchens: 1
• Rooms: 6
• Floors: 4
• Year of Construction: 1997
• Furnished: Unfurnished
• Basement: Yes (303m²)
• Status: Resale
• Structure: Concrete
• Facade: Brick
• Energy Efficiency Rating: C
• Title Deed: Yes
• Covered Area: 1,148m²
• Plot Size: 821m²

Property Description

This substantial three-storey mixed-use building is strategically located in the Agios Theodoros area of Paphos, just 300 meters from Stelios Kyriakides Stadium (Pafiako) and 100 meters from Agios Spyridonas elementary school. The property is ideal for commercial investment, offering a variety of rental opportunities.

Building Composition:

• Ground Floor: Features a spacious shop, which is currently rented out.
• Mezzanine: Includes a mezzanine level of 265m², also currently rented, providing an immediate rental income.
• Upper Floors: Each of the three floors above the ground level comprises four apartments—two studios and two 1-bedroom units. One studio and two of the apartments are currently occupied, ensuring an ongoing revenue stream.
• Basement: The property includes a large basement of 303m², offering ample storage or additional functional space.

Area Breakdown:

• Total Covered Area: 785m²
• Covered Verandas: 98m²
• Mezzanine: 265m²
• Basement: 303m²
• Land Area: 821m²

Location & Accessibility:

• Proximity to Amenities: The property is well-positioned, offering easy access to Paphos city center, shopping, dining, and educational institutions.
• Transportation: The building's location provides excellent connectivity to major roads and public transportation, enhancing its appeal for both commercial and residential tenants.

Investment Potential

This building presents a robust investment opportunity in one of Paphos's thriving areas. The combination of commercial and residential spaces offers diverse revenue streams, making it a versatile asset for investors. Whether you're looking to expand your portfolio or establish a foothold in the Paphos real estate market, this property offers significant potential.

For more details or to schedule a viewing, please contact us.