Pafou Street

Pafou Street – Mixed-Use Retail & Residential in Central Limassol Address: Pafou 53, Kato Polemidia 3051, Cyprus Overview Pafou street building is a prominent mixed-use property in the heart of Limassol, combining street-level retail with upper-floor residential (and/or office) spaces. Situated on a main commercial artery, the building offers excellent visibility, access, and flexible layouts suited for retail, office, residential, or hospitality conversion. Property Description: Basement / parking & storage: 421 m² Ground floor retail/office: 237 m² Mezzanine (incl. covered verandas): 130 m² 1st floor: 247 m² 2nd floor: 247 m² Roof level (covered): 74 m² + ~150 m² uncovered terrace Total covered: 1,356 m² (excl. ~150 m² uncovered roof) Status: Property stands vacant. Positioning: Rare opportunity to acquire/lease a centrally located asset with multiple revenue streams and strong long-term upside. ROI: Feasibility indicates minimum 7% annual yield, with upside scenarios showing ~13–17% ROI depending on leasing mix and exit strategy (indicative). Programme: Renovation duration ~5-7 months. Location Highlights Walking distance to cafés, restaurants, and daily-needs retail. Approximate Drive Times: ● Limassol Marina: ~2.5 km (~7 min) ● City of Dreams Mediterranean (Casino): ~6 km (~12 min) ● Limassol Old Town: ~2.2 km (~6 min) ● Limassol Centre (Anexartisias St.): ~1.8 km (~5 min) ● Limassol Port: ~3.5 km (~9 min) ● Highway access: ~1.2 km (~3 min) Nearby Amenities (walk/drive): ● Supermarket ΣΚΛΑΒΕΝΙΤΗΣ: ~1 min drive / 5 min walk ● Stephanis Electronics: ~2 min drive ● Gym: ~1 min drive / 3 min walk ● School & Kindergarten: ~1 min drive / 7 min walk ● Bus lines: ~1 min walk Key Features ● Mixed-Use Flexibility: Suitable for retail, office, residential, or hospitality conversion. ● Modern Layouts: Spacious apartment layouts with large verandas and optional private roof gardens. ● Vertical Circulation: lift & staircase servicing all floors. ● Parking: Covered and uncovered parking per municipal license. ● Natural Light: Large windows for bright interiors. ● Prime Visibility: Direct frontage on a main commercial street with high traffic. Retail Area: €4,500/m² (fully renovated). Entire meters or parts. The property is available for sale as one complete unit or in parts (both AS-IS or fully renovated).