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Rent Or Sell Deluxe Town Centre 76 Rooms Hotel With 13 Shops For Sale

Paphos, Paphos District
Asking Price:
€7,900,000 Furniture / Fixtures included
Sales Revenue:
€500K - €1M
Cash Flow:
Available on request

• The hotel with the 13 shops is for sale negotiable €7.9 million Euros
• Or would rent the hotel only,the yearly rent is negotiable €235,000.00 rental for the hotel only and the minimum rental period is 4 years but maximum rental period is negotiable with owner
• Prepayment of all the rents in advance required, for all of the rental period of the rental contract and also a bank guarantee required that will be returned when the hotel is returned to the owners after the contract expires.
• Large corner property
• Center of Paphos Town profitably operating all year around
• Non EU buyers get European passport for themselves and their families buying this property.
• Hotel refurbishments made in 2013/14/17
• Hotel extension possibilities another 2 floors
• Only serious enquiries
• No time wasters!
• The hotel owner is retiring
• The communication & contact here is directly with the hotel owner.
• If you don't have the financial capability do not bother contacting me!

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:

Possible for up to 42 twin rooms

Business Operation

Expansion Potential:

Expansion possibilities up to 42 twin rooms

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 entirely by MANAGEMENT

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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