USD 1,631,401
5,360 sqft
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!!! View more View less Located in Paphos.
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!!!