2 bedroom apartment 384 m² Palodeia, Cyprus

An excellent investment opportunity in the charming community of Palodia, within Limassol District. The property is ideally located: Approximately 230 meters southwest of Agioi Anargyroi Church Approximately 720 meters south of the Palodia Community Center It enjoys easy access to neighboring communities and is close to essential services and amenities, making it suitable for both residential and commercial use. Key Location Features Additional access from a public pathway along the northern boundary Quiet yet accessible residential setting Property Overview This three-storey building was developed in phases: Ground & First Floor: constructed around 1996 Second Floor: constructed around 2005 Access to all levels is provided via an internal staircase. Ground Floor (Pilotis Level – approx. 230 sq.m.) Covered parking spaces Men's and women’s toilets One bedroom Storage room Two toilets with showers First Floor (Restaurant Level) Spacious open-plan restaurant area Kitchen Covered verandas Second Floor (Apartment) Open-plan living room with kitchen One bedroom Bathroom with shower Areas Internal covered areas: approx. 384 sq.m. Covered verandas: approx. 25 sq.m. Pilotis area: approx. 230 sq.m. Land area: 586 sq.m. Planning & Zoning Information Planning Zone: Η3 (Residential) Building Coefficient: 60% Coverage Coefficient: 35% Maximum Floors Allowed: 2 Maximum Height: 8.30 meters Energy Efficiency Category: D Separate Title Deed available Investment Potential The property offers flexible usage options: ✔ Restaurant / hospitality business with upper-level residence ✔ Residential conversion opportunity ✔ Mixed-use investment ✔ Long-term rental income potential Its generous plot size, street frontage, and functional layout make it a rare opportunity in the growing Palodia area. Q: Does the property have a separate Title Deed? A: Yes, the property has a separate Title Deed. Q: What is the total size of the building? A: Approximately 384 sq.m. internal covered areas, 25 sq.m. covered verandas, plus 230 sq.m. pilotis area. Q: What is the size of the plot? A: 586 sq.m. Q: What is the planning zone? A: The property falls within Residential Zone Η3. Q: How many floors are permitted in the zone? A: The zone allows up to 2 floors with a maximum height of 8.30 meters. Q: Is the property suitable for commercial use? A: Yes. It has previously operated with a restaurant layout and offers mixed-use potential, subject to relevant permits. Q: Is parking available? A: Yes, the ground floor includes a large pilotis area with covered parking spaces.