Residential plot for sale in Paphos

For Sale: Mixed-Use Building with Two Plots in Kato Pafos, Paphos (8203)

Price: €1,500,000

Discover a prime investment opportunity in the bustling area of Kato Pafos, Paphos. This property spans across two plots, encompassing a total of 721 m, and features a unique mixed-use building with both residential and commercial spaces, along with an attached ground-floor house. Built in 1983, this property is in good condition and is ideal for investors looking for versatile use options and high rental potential.

Property Overview:
Location: Kato Pafos, Paphos
Total Plot Size: 721 m (Plot 1: 444 m, Plot 2: 277 m)
Building Type: Mixed-use (Residential & Commercial)
Building Category: Category B
Building Condition: Good
Zoning: Εβ8
Building Density: 80%
Coverage Ratio: 45%
Maximum Height: 10 meters
Floors: 2

Property Features:
Residential Unit: A spacious 4-bedroom apartment offering ample living space for families or potential for high rental income.

Commercial Units: Three ground-floor shops ideal for various businesses such as retail, cafes, or offices, benefiting from great visibility and high foot traffic.

Attached Ground-Floor House: An additional standalone house that can be utilized as a private residence, office space, or guest accommodation, adding further value to the property.

Location Advantages:
Situated in the vibrant area of Kato Pafos, the property enjoys close proximity to all local amenities, popular tourist attractions, and the picturesque Paphos coastline. This strategic location ensures high demand for both residential and commercial spaces, making it a perfect choice for investors seeking consistent returns.

Development Potential:
With a generous building density of 80% and a maximum height allowance of 10 meters, there is significant potential for further development or expansion, enhancing the property's value and revenue-generating capabilities.

For further details or to arrange a viewing, please contact Lextrus Real Estate today.

Seize this fantastic investment opportunity in Kato Pafos!