Commercial for sale
Paphos, Cyprus
£1,666,809 *
[€1,950,000]
Full Description
This asset is a large retail space formerly used as a supermarket on the ground floor of the building “Sunwaves Centre Block 1” in Agios Theodoros area of Paphos.
The asset is located on Adamantiou Korai Street, c. 400m west of Apostolou Pavlou Avenue, c. 200m north of Kings Avenue Mall and c. 200m north east of Tomb of the Kings Avenue.
The asset comprises of six adjoined shops with a combined area of c. 1818sqm. The area consists of a 1,017sqm ground floor, a 105sqm mezzanine and a 696sqm basement. The asset enjoys the exclusive use of 12 parking spaces and uncovered areas at the front and rear of the property.
The immediate area of the asset comprises of residential developments, while the nearby Tomb of the Kings Avenue consists of commercial and touristic development with shops, restaurants, hotels and hotel apartments. In the nearby area more properties can be observed. Tomb of the Kings Avenue also provides great accessibility to the rest of Paphos city.
The asset falls within two planning zones:
- Eß with building density coefficient of 140%, coverage coefficient 50%, in 3 floors and a maximum height of 11,3m.
- Ka5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.
All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
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