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Hotel Apartments In Polis Chrysohous For Sale

Polis Chrysohous, Paphos District, Cyprus
Asking Price:
€1,800,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

This Hotel Apartment complex is licensed by the Cyprus Tourism Organization as a Class B Hotel Apartment.

It is located on a hill overlooking the Mediterranean, in quiet rural surroundings offering both sea-views and mountain-views. Distance to Paphos Airport is 35 minutes by car/taxi or bus.

However, it is also within easy walking distance from the center of the nearest Town (Polis Chrysochous) with all facilities and amenities (restaurants, taverns, shops, Banks) while distance to the nearest sandy beach is about 1 km. It is also only 10 minutes’ drive from an exclusive Health Spa with natural healing springs and many spa clients choose to stay here.

Family-owned and operated, it enjoys excellent reviews from all major travel websites for its friendly personal service, ambience and convenient location.

Very popular with families and couples who prefer self-catering accommodation, but also want to have the option to have a snack in the Hotel or dine out in one of the taverns and restaurants nearby.

All necessary Town Planning and Building Permits are held. Total built area is 2.500 sq.m. on two floors, while the land plot area is 2.800 sq.m.

Facilities & Common Areas:
24-hour Reception
Lounge & Bar
Breakfast Room & Snack-Bar
Free WiFi
Large outside Pool & Pool Bar
Large outside sun terrace
Childrens’ Playground
Landscaped Garden
Car Rentals & Excursions
Covered guest parking-spaces

Guest Rooms:
The Hotel Apartment offers 24 one-bedroom Apartments and 7 Studios (31 in total).

An additional floor can be added (400 sq.m.) to increase capacity to 45 – 48 Apartments. The Cyprus Tourism Organization may subsidize the cost of expansion by up to 60%.

All Apartments/Studios are fully furnished and equipped, featuring the following amenities:
Large lounge area with Satellite TV
Dine area
Fully equipped Kitchenette with cupboards, stove, microwave, large sink and refrigerator
Air-conditioning
Private bathroom
Balcony
Free WiFi

Asking Price: €1,8 Million (negotiable) for clean sale with no debt or liabilities. Management can stay on for a reasonable handover period.

Property Information

Real Estate:

Real Property Included

Business Operation

Years established:
20

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