Full Description
Set in the prime location of Kato Paphos, close to the historic harbour area and seafront, this classic building boasts five units with two floors as well as covered and uncovered parking spaces.
The ground floor lends itself to multiple uses with individual units suitable as shops such as a kiosk/cava and each unit has toilet facilities. The larger commercial area could be utilised as a restaurant or cafe as it benefits from a kitchen together with storage and toilets. The upstairs areas would be suitable for storage or office space.
This property is perfect for any investor looking for property to renovate with a view to long term rentals, having the potential to generate excellent returns, either as a whole or individually. Alternatively, buyers could take advantage of the opportunity to redevelop the large plot as a business with a view to maximising their investment given the central location at the heart of the tourist area.
Paphos is a beautiful coastal city in the southwest of Cyprus and the capital of this district. Paphos is broken down into two parts Kato Paphos (lower) and Pano Paphos (upper). This is a vibrant city full of the hustle and bustle of local life with plenty of restaurants, tavernas, bars and nightlife. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Town of Paphos is visually pleasing with many historic colonial buildings which house the area’s government institutions.
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