Two-storey building in the heart of the Municipality of Peyia in Paphos District. It is located about 75 meters southeast of the Municipal Hall and about 135 meters southwest of Pegeia Primary School. It is located close to all necessary services and facilities such as cafes, restaurants, supermarkets etc.
It is noted that Pegeia is a long-standing and busy tourist destination with a large construction development.
The building in Pegeia, Paphos, Cyprus is adjacent to a public road on its eastern boundary with a face of about 40 meters. The building consists of ground floor, first floor and basement. In addition, outside the building there is a traditional stone building.
The area of the building is 705 m2 (approx.), the basement 160 m2 (approx.), the stone building 25 m2 (approx.), the uncovered verandas 80 m2 (approx.) and the plot of land 1 290 m2 (approx.).
The building was erected around 1990 and had secured the necessary Building Permit as a restaurant.
It is worth mentioning that there is a proposed plan for the property to convert the existing building into a development of a modern residential complex with eight (8) luxury apartments. Specifically, the proposed development will consist of (7) two-bedroom apartments and (1) one-bedroom apartment.
The building in Pegeia, Paphos, Cyprus is not subject to VAT
