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Villa Rental Business In Cyprus For Sale

Pano Arodes, Polis, Cyprus, Paphos District, Cyprus
Asking Price:
€1,200,000 Furniture / Fixtures included
Sales Revenue:
€80,000
Cash Flow:
Under €50K

An opportunity to acquire a villa rental business in the Paphos district of Cyprus. The business comprises a combination of three 3 bedroomed villas and one 1 bedroom villa all with en suite facilities.

The villas are located on the edge of the spectacular Akamas nature reserve some fifteen minutes drive from town of Polis and port of Latchi, with their excellent beach and marina facilities.

The villas are suitable for both summer and winter rentals, with the summer rental period of April to October having an average rental income of Euro 1200 per week for the 3 bedroomed villas and Euro 1400 per week for the four bedroomed villa. During the winter period these rental values drop to Euro 700 and 900 per week respectively.

The total income from the villas per annum is between 80,000 and 120,000 Euro dependant on the extent of business the purchaser is envisioning.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

See attached Sales Brochure PDF

Location:

See attached Sales Brochure PDF

Premises Details:

See attached Sales Brochure PDF

Size in square feet:
See attached Sales Brochure PDF
Planning Consent:

NA

Business Operation

Expansion Potential:

A fifth villa is available, at an additional cost, subject should this be essential to the purchase of the business

Competition / Market:

The area has several villas which are used for rental purposes but, as yet, there is more demand than there is availability.

Reasons for selling:

The owners have reached the age of 70 and wish to retire.

Years established:
four

Other Information

Furniture / Fixtures value:
€40,000 - included in the asking price
Related Documents:
Home based:
This business can be run from home.

Contact Information

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