B863 - Restaurant in Coral Bay, Paphos
This exceptional commercial property sits in the heart of vibrant Coral Bay, just 300 meters from the sea and directly opposite a leading five-star hotel. The location benefits from year-round tourist traffic, surrounded by hundreds of villas, apartment complexes, and numerous hotels that generate constant demand for quality dining and services. As part of an established commercial complex featuring restaurants, bars, shops, and studios, the building enjoys excellent visibility and footfall.
Spanning 489 sq.m on a 600 sq.m plot, the property offers generous open and covered terraces of 120 sq.m — one of its strongest assets — comfortably accommodating up to 180 guests. The four-level structure (ground floor, first floor, mezzanine, and basement) with two staircases and an elevation system provides versatile space for operations. Recent high-quality reconstruction in 2022 includes a powerful 120 kW electricity supply and a premium ventilation system in the kitchen and basement. The property also features four groups of restrooms, including guest facilities with six cabins, staff areas with showers, a private top-floor restroom, and disabled access.
The top floor houses a spacious three-bedroom apartment exceeding 130 sq.m, making this an ideal setup for a family-run business where owners can live on-site. Additional potential includes roof or veranda swimming pools, basement conversion for expanded dining, and the possibility of adding an extra floor or converting the entire building into an apart-hotel with 12–20 rooms. The property comes with established parking solutions and is fully prepared for a new restaurant license.
The main features:
- 489 sq.m building on 600 sq.m plot with 120 sq.m terraces for 180 guests
- Four levels with elevation system connecting all floors
- Spacious 3-bedroom apartment (>130 sq.m) on top floor
- High 120 kW electricity power and premium ventilation system
- Multiple restrooms including guest (6 cabins), staff with showers, and disabled facilities
- 4 dedicated parking spaces nearby plus large additional parking available for rent
- Excellent tourist location 300 m from the sea in popular Coral Bay
- High reconstruction quality completed in 2022
- Ready for restaurant operations and multiple development options (aparthotel, extra floor, pools)
The project has an EPC certificate with "B" energy efficiency rating.
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