Shop 30 м² in Coral Bay, Cyprus

799 306 $

26 643 $ /м²

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Shop 30m² in Cyprus, Coral Bay. Priced at 699000€ rent photo- #1

Shop 30m² in Cyprus, Coral Bay. Priced at 699000€ rent photo- #2

Shop 30m² in Cyprus, Coral Bay. Priced at 699000€ rent photo- #3

Shop 30m² in Cyprus, Coral Bay. Priced at 699000€ rent photo- #4

Shop 30m² in Cyprus, Coral Bay. Priced at 699000€ rent photo- #5

Area

30 м²

Coral Bay Plaza, Shop C05-C06

Nestled in one of the most vibrant areas of Paphos, this retail space offers unmatched visibility and convenience. Situated within a large residential zone and right next to a bustling restaurants and entertainment hotspot, your shop will benefit from a high footfall of both locals and tourists.

Just 15 minutes from Paphos town and surrounded by luxurious 5-star hotels and resorts, this location is perfect for businesses aiming to attract a high-end clientele. It’s also steps away from the best sandy beaches in the region and the exciting new Coral Bay Marina, making it a magnet for beachgoers and marina visitors alike.

Additional details

Property type

Commercial

Object type

Shop

Price

799 306 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Coral Bay; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Coral Bay short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (799 306 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Coral Bay: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).