2 rooms Commercial property in Paphos, Cyprus No. 61963

Prime Corner Investment Property with Commercial Conversion Potential – Geroskipou, Paphos

An exceptional investment opportunity in one of the most established and continuously growing residential areas of Geroskipou, Paphos. Situated on a prime corner plot of 866 sq.m., the property enjoys excellent visibility, dual road frontage, and easy access, making it highly suitable for both residential and commercial exploitation.

The asset comprises an existing reinforced concrete building with multiple units and additional unfinished areas, offering substantial value-add potential. A major advantage is that architectural plans have already been submitted for the division and conversion of the property into commercial shops, providing investors with a clear and attractive redevelopment strategy.

Located within the Ka5 residential planning zone, the property benefits from:

100% Building Density
50% Coverage Ratio
Up to 3 Floors
Maximum Height of 13.5 metres
Corner and privileged position
Registered road access
Flat topography and regular plot shape

The existing structure, combined with the generous planning parameters, provides multiple investment scenarios, including:

Retail shops and commercial units
Office spaces and professional suites
Mixed-use development with commercial premises and residential units
Renovation and repositioning for rental income
Value-add investment with strong capital appreciation potential

Its strategic location, high exposure, and development flexibility make this property particularly attractive for investors seeking long-term returns in the expanding Geroskipou–Paphos market.

Key Features
Location: Geroskipou, Paphos
Plot Size: 866 sq.m.
Corner Plot with Excellent Visibility
Registered Road Access
Planning Zone: Ka5
Building Density: 100%
Coverage Ratio: 50%
Maximum Floors: 3
Maximum Height: 13.5 m
Existing Reinforced Concrete Structure
Submitted Plans for Commercial Shop Division
Multiple Redevelopment Possibilities
Ideal for Investors and Developers
Strong Potential for Rental Yield and Capital Growth
Investment Highlights

✔ Prime corner location with high exposure.

✔ Existing building minimizes redevelopment costs.

✔ Submitted commercial division plans provide immediate development potential.

✔ Flexible asset suitable for retail, offices, mixed-use, or income-producing purposes.

✔ Located in one of the fastest-growing areas of Paphos with strong long-term demand.

A rare value-add opportunity combining strategic location, development flexibility, and significant upside potential in the thriving Paphos property market.