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Deluxe Town Centre Hotel & 13 Shops For Sale

Paphos, Paphos District
Asking Price:
€7,500,000 Furniture / Fixtures included
Sales Revenue:
€500K - €1M
Cash Flow:
Available on request

DELUXE TOWN CITY CENTRE HOTEL with 76 rooms & 13 SHOPS on the main High street for Sale €7.5 million Euros Three-star Hotel Large corner property.
OWNER WOULD CONSIDER PARTNERSHIP WITH SERIOUS INVESTOR.
Non-Europeans can receive full EU passport for themselves and their family and 3 other families by buying this hotel
EXPANTION BUILDING PERMITS & Architectural plans ready for expansion of 3 more floors.
Three-star Hotel Large corner property
Freehold property
Company Share transfer (No transfer fees) saving on property transfer of over €400,000 thousand for buyer.
Complete Hotel Refurbishments made in March 2013 & 2014 included
OPEN ALL YEAR AROUND
OPERATING PROFITABLY FOR OVER 16 YEARS.
OWNER RETIRING.
Approved building permits for extra 50 more rooms and Architectural ready approved plans for expansion
Superbly Located in the Upper part of the Town Centre with panoramic views of the harbour and the West coast ideal for shopping and sightseeing. Its charming position makes a wonderful retreat yet within a few minutes walk from the Local Market, District Museum and Public Gardens.
Built to exceptional 3 star standards the Hotel has 76 rooms, some of which are adjoining. Each room is furnished to the highest possible standards.
Full air-conditioning
Full central heating for the winter month’s
All en suite bathrooms.
Shaving sockets, hair dryers, Satellite colour TV, direct dial telephone.
Private balcony offering incredible mountain and / or sea views of the local scenery.
24 hour reception with panoramic views of the Harbour and Mediterranean sea,
Cocktail Bar, Cafeteria
A luxuriously spacious Breakfast Coffee shop
Evening formal Restaurant offering local and international cuisine,
Multipurpose / conference room
Pool Bar
Large swimming pool
Children's pool,
Large Controlled Private parking area.
2 lift to all floors
Small guests Library
Full WI FI throughout The Hotel
All Hotels departments are fully computerised
Main IBM main server.
Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Real Property Included

Living Accommodation:

One Bedroom Deluxe Suite, Ensuite with extra bedroom Deluxe Suite with large Living room and day room Kitchenette and Exceptionally furnished. One used by Owner.

Location:

Situated Centrally in the centre of Paphos town - Cyprus, in The European Capital of Culture 2017! a few minutes walk from the Local Market, Municipality Building , District Museum and Public Gardens, in the centre of the very best exclusive shopping area and a walk away from the Local Bazaar with bus stops outside the Hotels main Entrance. Hotel is in Immaculate condition and all Departments are fully maintained and well run and kept.

Premises Details:

The Premises is overall six floors one lower floor one Ground Floor one Menzanine(Administration Offices) and three upper floors where the Hotels rooms are situated.It is a corner plot in a main Town area of Paphos.

Size in square feet:
60,300
Planning Consent:

New Planning Concent GRANTED in November 2013 FOR 50 MORE ROOMS ALSO roof Garden FUNCTION ROOM Cafeteria/Bar /Venue

Business Operation

Expansion Potential:

Building Permit has been Granted to build 50 MORE ROOMS WITH 3 more Floors and 1 floor of Deluxe Roof Garden and Restaurant/venue.

Competition / Market:

This is the Only three star Hotel in the Town Center in The European Capital of Culture 2017 and is open all year round.

Reasons for selling:

Retiring as there is no continuity my children are not in this profession and not interested in this profession.

Trading hours:

24/7

Employees:
Full and Part Time 18
Years established:
17.5

Other Information

Support & training:

The Hotel is run enirely by the staff and senior admin staff members and Duty Managers Full Support & Training can be given.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Financing options €1.30 million Euros Financing is available to seriously interested principals
taking over existing Bank loan.

Website:
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Related Documents:

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