Coral Bay, Paphos

Commercial for sale

165 m² Ref. ER-CYP-1892

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AI Score

EstateRadar AI summary

This 165 m² commercial unit in Coral Bay, Paphos is priced at €699,000 (€4,236/m²), which sits 50.7% above the area median of €2,811/m². The AI valuation estimates €298,534–€626,352, suggesting the asking price is above the computed range; confidence is Low due to only 8 comparables. Against Cyprus's national market growth of 3.4% year-on-year (Eurostat, Q1 2026), this remains a preliminary estimate pending further market data.

Above area medianLow confidenceCommercial retailTourist location

Why EstateRadar AI picked this

Asking price significantly exceeds both the computed valuation range and area median per-square-metre, indicating a premium positioning that warrants verification

Gross yield of 4.1% and D-grade investment rating suggest modest income potential relative to the capital outlay

Limited comparable data (8 units) constrains confidence in the valuation; location premium in a high-footfall tourist zone may justify part of the premium, but risk remains elevated

EstateRadar AI summary

🧠 Analyzing this property…

Why EstateRadar AI picked this

Overview

Internal area

165 m²

Reference

ER-CYP-1892

Investment analysis

Monthly rent£2,043

Annual rent£24,524

Expenses (annual)£6,867

Net income£17,657

ROI

4.1%

Yield

4.1%

Payback

33.9y

EstateRadar preliminary estimate

Estimated value range

£255,464 – £535,988

Confidence: Low · 50%8 comparables

Area median£2,405/m²

This property£3,625/m²

vs area median50.7% above

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

~8.0%

Recommended offer

£550,234

Deal probability

High 92%

2 days on market · asking is 50.7% above our AI valuation. Estimate only — not financial advice.

Neighbourhood

· estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Around this property

School3244 m

Δημοτικό Σχολείο Πέγειας · ~41 min walk

Kindergarten279 m

~3 min walk

Supermarket154 m

Phillipos Supermarket · ~2 min walk · 2 within 500 m

Pharmacy2199 m

Χριστιάνα Χριοστοφή · ~27 min walk

Hospital5584 m

Livingstone Medical · ~70 min walk

Beach932 m

~12 min walk

Restaurant115 m

PHIL'S Bar & Grill · ~1 min walk · 23 within 500 m

Café157 m

Coffee Mou · ~2 min walk · 2 within 500 m

Park2510 m

~31 min walk

Gym1789 m

Tower fitness center · ~22 min walk

Bus stop163 m

Λεωφόρος Κόλπου Κοραλλίων - Λεωφόρος Αγίου Γεωργίου 2 · ~2 min walk · 9 within 500 m

Approximate, straight-line distances from OpenStreetMap.

Description

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.

Marketed by 1 Island Estates

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

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