Coral Bay, Paphos

Commercial for sale

165 m² Ref. ER-CYP-1892

EstateRadar AI summary

This commercial retail space in Coral Bay, Paphos is asking €699,000 for 165 m², equivalent to €4,236/m² — roughly 51% above the area median of €2,811/m². The AI valuation range is €298,534–€626,352 with low confidence, based on only 8 comparables; the asking price sits above that preliminary estimate. Against Cyprus's national property market growth of 3.4% year-on-year (Q1 2026), this remains a speculative position.

Above area median (€4,236 vs €2,811/m²)Low confidence estimateWeak investment grade (D)Tourist location premium

Why EstateRadar AI picked this

Asking price exceeds AI valuation range ceiling by ~€72,648, suggesting premium positioning rather than value opportunity

Gross yield of 4.1% with investment grade D indicates limited rental income relative to capital outlay

High per-square-metre price reflects Coral Bay's tourist and leisure positioning, not comparable residential or standard retail fundamentals

Only 8 comparable transactions underpins valuation; market data is sparse

Overview

Internal area

165 m²

Reference

ER-CYP-1892

Investment analysis

Monthly rent€2,388

Annual rent€28,659

Expenses (annual)€8,025

Net income€20,634

ROI

4.1%

Yield

4.1%

Payback

33.9y

EstateRadar preliminary estimate

Estimated value range

€298,534 – €626,352

Confidence: Low · 50%8 comparables

Area median€2,811/m²

This property€4,236/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

€643,000

Deal probability

High 92%

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

Neighbourhood

· AI area estimate

Walk

Schools

Quiet

Sea

Location

· approximate area

Distances from OpenStreetMap · approximate.

Description

This retail space in Coral Bay, Paphos offers prime visibility in a vibrant tourist and residential zone. Ideally positioned near restaurants, entertainment, sandy beaches and a waterfront marina, it attracts high footfall from both locals and holiday visitors. Located 15 minutes from Paphos town centre and surrounded by luxury hospitality, it suits businesses targeting upmarket clientele seeking premium beachside exposure.

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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