MBC III

MBC III: Office Units For Sale in Agios Theodoros, Paphos, Cyprus

MBC III is a five-storey office complex under development in Agios Theodoros, a part of Paphos roughly a kilometre from the city centre. The building is being sold off-plan, ahead of a completion scheduled for the end of 2028. Twenty-seven office units occupy the first through fourth floors, and a separate shop unit with its own mezzanine takes the ground floor.

27 Office Units Across Four Floors, From 76 to 133 m²

The office units are built to eight different floor plans, ranging from 76 m² to 133 m², with most plans repeated once on each of the upper three floors. One further unit, a 102 m² office with no veranda, sits alone on the first floor and does not recur on the floors above it. A lift runs the height of the building, so a unit on the fourth floor is as easy to reach as one on the first. The table below sets out every floor area and veranda size in the building.

A Ground-Floor Shop With Its Own Mezzanine

The ground floor holds a single retail unit of around 100 m², built with its own mezzanine level, a 50 m² veranda and dedicated storage in the basement. Sitting at street level beneath the office floors, it works as a self-contained space for a business that needs a public storefront, separate from the offices above it.

Two or Three Parking Spaces With Every Office

Each of the 28 units in the building carries its own two or three parking spaces, part of a combined 77 spaces split between a basement car park and ground-level parking. Each unit's spaces are assigned directly to it and recorded against that unit alone. That is a higher ratio of parking to floor space than most office buildings in central Paphos can offer, and it covers both staff cars and visiting clients without relying on street parking.

A Private Veranda on Most Floors

All but four of the 27 office units include a private covered veranda, sized from around 6 m² up to 20 m², and the ground-floor shop has a 50 m² veranda of its own. The largest veranda outside the shop measures 20 m², attached to the 108 m² units on each floor; the smallest covers just over 6 m², on the 83 m² units. Planted terraces also run along parts of the façade on the upper floors, adding a strip of greenery outside several units.

One Kilometre From Paphos City Centre

Agios Theodoros sits close enough to central Paphos that shops, restaurants, a school and a hospital are all within about a kilometre, useful for staff on a lunch break or a client arriving for a meeting. The table below lists the distances from the building to the points most relevant to a business.

Buying Off-Plan Ahead of a 2028 Completion

All 28 units are currently unsold, which means a buyer today can choose from the complete set of floor plans and floors before construction fills them in. Completion is scheduled for the end of 2028, leaving several years to plan a fit-out, a lease to a tenant, or a resale before the building is handed over.

Which Businesses MBC III Suits

The building's combination of a central Paphos location, guaranteed parking and private outdoor space per unit points toward a particular set of buyers:

• Professional services firms – legal, accounting, consulting – that need a fixed Paphos address for clients
• Companies relocating a back office and wanting parking guaranteed for every member of staff
• A retail or hospitality brand looking specifically at the ground-floor shop and its own mezzanine
• Investors buying off-plan to lease the finished units to tenants once construction completes

Each of these buyers is weighing the same three factors in different proportions: the Paphos address, the parking allocation, and the private outdoor space that comes with almost every unit. Against a serviced office or a converted apartment elsewhere in town, MBC III offers fixed floor area, parking counted per unit, and outdoor space that most competing office stock in central Paphos does not include.