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Prosperous 2* Hotel In Nissi Beach Area For Sale

Ayia Napa, Famagusta District, Cyprus
Asking Price:
€1M - €5M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Ayia Napa - For Sale existing 2* Hotel
Location - Over Looking Nissi Beach, ten minutes walk away.

The Renovated existing hotel consists of twenty-three (23) Hotel Rooms built on two floors,
in a plot of land 1307m2, can be extended to total 45 room Boutique Hotel, with 600m2 of Roof Gardens. Additional Prospectus, the new Ayia Napa Town Planning will soon give higher density to all existing and new hotels to be built on 6 floors'

Existing Facilities-Full Size Kitchen-Restaurant-Reception Lounge area.
Coffee-Snack Bar Area-Pool Bar-Large Swimming Pool and large Patio Area.
Swimming Pool Jacuzzi. WI-FI in all Rooms public and Swimming Pool areas,
Mature Large Gardens.
There is a Large Covered Car Park area.
In the Basement here is also a Gym – Sauna with all facilities – Health and Massage Room,
Guests W-Cs and Changing Rooms.
There are also Staff Rooms – Staff W-Cs, Showers and changing Rooms.
In addition, there are six large Store Rooms.
The Basement of 480m2 is large enough to turn the hotel into a luxury SPA BOUTIQUE HOTEL.
The Ground floor area is 290m2. - The covered parking area is 190m2. The first floor area is 190m2. – The 2nd floor area is 400m2. – Verandas 80m2.
The total existing covered building area is 1630m2.

The Asking price to sell the Hotel is Euro 3.2 Million. Revenue and Cash Flow available on request.
Buy the company’s shares and save up to euro 300 thousand, Land Registry fees.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The existing hotel has 23 double hotel rooms en-suite bathroom fully furnished with A/C, small fridge,
WI-FI 28 inch Flat satellite TV , Balconies.

Location:

Quiet location 10 minutes walk from Nissi Beach, 40 minute drive from the Airport

Premises Details:

Two star hotel consist of 23 existing hotel rooms, Swimming pool, bars, restaurants, gardens with full facilities and services, covered car park area, built on two floors.

Size in square feet:
1630m2
Planning Consent:

There is Consent to build additional 22 hotel rooms and the Roof Garden on top.

Business Operation

Expansion Potential:

The existing hotel can be expanded to total 45 hotel rooms including the Roof Garden of an area of 600m2 approx. to be build above the existing hotel. The Ayia Napa Town planning developments will soon give higher density to existing and new hotels to build on 6 floors. Between the hotel and the sea, there is a large area of land owned by the Government, which may be Exchanged with private land to get higher density, to expand into a large Holiday Resort and or to build Athletes practice and training fields .

Competition / Market:

1985

Reasons for selling:

The owners want to retire.

Trading hours:

24 hours

Employees:
In B/B 7No employees, on full operation 15 No employees including the management.
Years established:
37 years.

Other Information

Support & training:

Support and training is done through the management

Financing available:

N/A

Furniture / Fixtures value:
€100,000 - included in the asking price
Inventory / Stock value:
€10,000 - included in the asking price
Website:
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