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Deluxe Town Centre Hotel & 13 Shops - Paphos For Sale

Paphos, Paphos District
Asking Price:
€8,500,000 Furniture / Fixtures included
Sales Revenue:
€500K - €1M
Cash Flow:
Available on request

Non-Europeans can receive full eu passport for themselves and their family by buying this hotel.
Deluxe 76 rooms & 13 Shops for Sale for €8.50 million Euros Three-star Hotel Large corner property
Loan of €1.50 million Euros available to potential buyer.
Freehold property – company Share transfer (No transfer fees)saving on property transfer of over €550,000 thousand for buyer.
TOWN CENTRE PROPERTY
Complete Hotel Refurbishments made in March 2013 & 2014 included
OPEN ALL YEAR AROUND - With Extension Plans and Permits.
OPERATING PROFITABLY FOR OVER 16 YEARS.
Approved building permits and Architectural ready approved plans for expansion of 4 more floors.
Three-star Hotel rating by Cyprus Tourism Organisation Large corner property
Superbly situated 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 81 rooms, some of which are adjoining. Each room is furnished to the highest possible standards with full air-conditioning and central heating for the winter month’s en suite bathroom, shaving sockets, hair dryers, Satellite colour TV, direct dial telephone and private balcony offering incredible mountain and / or sea views of the local scenery. Other facilities include,
24 hour reception with panoramic views of the Harbour and Mediterranean sea,
Cocktail Bar, Cafeteria, a luxuriously spacious Coffee shop,
Restaurant offering local and international cuisine,
Multipurpose / conference room,
Large swimming pool, children's pool,
Private parking area,
2 lift to all floors Library with guest’s internet Corner connection all Hotels departments are fully computerised with IBM main server.
Complex of shops there are 13 shops owned by the Hotel at the main entrance level
For viewing please contact seller below.

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 4 more floors of bedrooms, roof Garden Cafeteria/Bar /Venue

Business Operation

Expansion Potential:

Building Permit has been Granted to build 4 more Floors of Deluxe Apart Suites and 1 floor of Deluxe Roof Garden and Restaurant/venue New Parking Spaces and Swimming Pool.

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
Years established:
16

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 €1.50 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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