Commercial property in Peyia, Cyprus

A commercial building located in the Coral Bay area of Pegeia, Paphos, within close proximity to Coral Beach Hotel and Thalassa Boutique Hotel & Spa, and surrounded by numerous residential villas and tourism-oriented developments. The property forms part of an established commercial complex comprising restaurants, bars, retail units, and service businesses, benefiting from strong footfall from both tourists and the local community. The building was fully reconstructed in 2022 to high standards and extends over four levels, including a basement, mezzanine, ground floor, and first floor. It features extensive indoor and outdoor areas with large covered and open terraces, providing significant seating capacity. The building is equipped with a high electrical capacity, professional ventilation systems, multiple restroom facilities, and elevator access connecting all levels. A three-bedroom apartment is located on the top floor, offering flexibility for residential use or staff accommodation. Additional benefits include on-site parking within the complex, access to nearby large-capacity parking, and prominent signage visibility from the main road. This property represents a strong opportunity for hospitality or F&B use in one of Paphos’ most active tourist destinations.