Shop with a mezzanine in Agios Theodoros quarter, of Paphos Municipality. It is located approximately 230 meters east of the municipal court and approximately 60 meters south of Kinyra Avenue.

The property is ideally situated close to a plethora of amenities and services such as shops, restaurants, cafes, supermarkets etc. In addition the property has excellent access to the Municipality Center.

It is an excellent location with intense mobility throughout the day which designates an increased demand for commercial properties.

The shop (door no. 002) is in a good condition, it has 6 meters frontage (onto Imittou street) and is part of a mixed-use complex called «Imittos Court» which was built in the year 1995.

It consists on the ground floor of an office space, a kitchen and two workshops on the ground floor while the mezzanine consists of a warehouse, a workshop and a shower with a WC.

It is noted that the property has the exclusive right of use of a covered parking space (No. 11) on the ground floor. The total ground floor area is 77 sqm and the mezzanine area is 39 sqm. (registered area).

The property has a separate title deed.

The shop is rented for €570/month. According to the asking price the shop has a yield of 4.9%. 

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

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The Tenderer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and / or be satisfied on the accuracy of the details of the Property (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

The Terms and Conditions found on the Tender form must be carefully considered prior to submitting an Offer. 

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

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District: Paphos

Municipality: Paphos Municipality

Quarter: Agios Theodoros

Unit No: 002