Geroskipou, Paphos

Commercial for sale

462 m² Ref. ER-PAF-8916

EstateRadar AI summary

This 462 m² commercial property in Geroskipou, Paphos is priced at €860,000 (€1,861/m²), sitting 34% below the area median of €2,811/m². Our preliminary estimate ranges €835,896–€1,753,786 based on 8 comparables, though confidence is Low due to the small sample and commercial property variability. Against a Cyprus market up 3.4% year-on-year (Eurostat, Q1 2026), the below-median pricing may reflect the specific property type or condition.

Below area median (−34%)Low confidenceCommercial/Mixed-useStrong yield potential (9.4%)

Why EstateRadar AI picked this

Asking price is significantly below area median per m², which could indicate valuation opportunity or require due diligence on condition and commercial viability

High gross yield of 9.4% and A+ investment grade suggest strong income-generation potential if leased appropriately

Only 8 comparables used; commercial properties vary widely by fit-out, tenant quality and location within zone—treat estimate as preliminary

Overview

Internal area

462 m²

Reference

ER-PAF-8916

Investment analysis

Monthly rent£5,765

Annual rent£69,177

Expenses (annual)£19,369

Net income£49,808

ROI

9.4%

Yield

9.4%

Payback

14.8y

EstateRadar preliminary estimate

Estimated value range

£715,301 – £1,500,767

Confidence: Low · 50%8 comparables

Area median£2,405/m²

This property£1,593/m²

vs area median33.8% below

Cyprus market +3.4% YoYnational house-price index · Eurostat · 2026-Q1

EstateRadar preliminary estimate · sources: EstateRadar listings, Eurostat HPI · 2026-08-01. Based on comparable asking prices, not official transaction data. Not a valuation by a licensed surveyor.

Negotiation insight

Room to negotiate

~2.0%

Recommended offer

£720,525

Deal probability

Low 20%

1 days on market · asking is 33.8% below our AI valuation. Estimate only — not financial advice.

Neighbourhood

· OpenStreetMap distances

Walk

Schools

Quiet

Sea

Location

· approximate area

Sea

2.3 km

School

98 m

Supermarket

424 m

Main road

479 m

Nearest distances from OpenStreetMap · from the approximate point.

Description

This 462 m² commercial property is ideally positioned on a hillside near the town centre and a historic spring. The development offers a curated mix of retail, office, dining and hospitality spaces, designed to appeal to business owners and investors. Amenities include ample parking, a communal pool, landscaped grounds and convenient public transport access. The location combines strong foot traffic from tourism with proximity to a growing smart city initiative, making it attractive for leasing or operating a business.

Marketed by 1 Island Estates

EstateRadar is a technology platform, not an agency. This listing is handled by 1 Island Estates.

Similar properties

commercial units for sale

Kato Paphos, Paphos

ROI 5.6%