Exceptional Bargain , Three Two-Bed Apartments, Restaurant, Basement & Development Plot for sale

Timi, Paphos
€900,000
Ref. 24283
  • Bathrooms
    3
  • Toilets
    3
  • Total covered area
    521 m²
  • Plot area
    1,891 m²
  • Covered veranda area
    21 m²
  • Basement area
    106 m²
  • Year of construction
    2009
  • Energy efficiency
    Exempt
  • Status
    Resale
  • Floor
    Ground floor
  • Floors
    2
  • Kitchens
    3
  • Furnished
    Fully furnished
  • Basement
    Yes

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.

The 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 !!!

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