Exclusive investment opportunity in Timi, Paphos
- Timi, Paphos
- 3 Baths
- Ref: 24283
€1,300,000
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Property details
- Property type: Mixed use
- Covered area: 521 m²
- Plot area: 5,389 m²
- Covered veranda area: 21 m²
- Basement area: 106 m²
- Bathrooms: 3
- Toilets: 3
- Floor: Ground floor
- Floors: 2
- Kitchens: 3
Other information
- Furnished: Fully Furnished
- Year of construction: 2009
- Status: Resale
- Energy efficiency rating: Exempt
- Basement: Yes
Property description
Here is an excellent investment opoortunity in Timi, Paphos district a comprehesive package comprising two residential lands and a strategically positioned building in seperated land, ready for development.
Location: Conveniently situated just 15 minutes from Paphos town and 25 minutes from Limassol Marina , this property boasts easy access to amenities and attractions.
Building features:
Land: The building sits one a residentia land meauring 857m2 , in H3 zone with building density of 60% and 35% coverage, up to two floors allowance
at a height of 8.3m.
Restaurant : A spacious restaurant occupies the ground floor, spanning 317 m2 and complying with EU regulations.
Basement: The property includes a substantial basement of 106m2 ideal for storage or versatile use.
Apartments: Upstairs , three charming two-bedroom apartments, covering 225 m2 and featuring balconies with stunning views.
Residential lands: Adjacent to the property is a generous plot measuring 3724m2 , offering ample space for expansion or additional developments. The
second land behind the property, spans 1034 m2 , both boasting a H3 zone with building density of 60% and 35% coverage, up to two floors allowance
at a height of 8.3m.
Proposed ideas:
Hotel apartment complex : Utilize the adjacent land to develop a hotel apartment complex with 48 units , incorporating the existing restaurant into the set up.
Family friendly restaurant: Enhance the restaurants appeal by adding a playground area, catering to families. Consider converting top floor into employee accommodation for operational efficiency.
Act now: Seize this opportunity before its gone - offers must be submitted by March 19th to secure your stake in this lucrative deal!!!