Ref: S-12
Price: €7,500,000
City: Paphos
Area: Paphos
Type: Commercial
Pool: Communal
Title deeds: Yes
Sale type: Resale
Views: Sea views
* 3 STAR HOTEL (FREE HOLD or RENT TO BUY)* Tourist location * Bus stop 10 m * Shops , restaurants 50 m * 80 rooms * Officially rated with Cyprus Tourism Association (CTO) * Operating for over 15 years * Includes 10 shops * Possible extention * Rooms fully equipped * Bar, Restaurant, Coffe bar * Swimming pool * Parking * Staff offices * Laundry * Lifts * Rent per month 25,000 Euro (will be included in the price if Rent-To-Buy agreement) *
HOTEL for sale in Cyprus
This is an established family business, just put for sale due to retirement of the owners. Can be sold straight away (Free Title Deed) or can be rented out for 27,000 Euros per month and 190,000 Euros bank Guarantee (for furniture and equipment, etc) with a possibility to buy and include the paid rent into the price.
The hotel has additional Government Building Permits and approved Architectual Plans for the further extention with 4 more floors, consisting approximately 30 one-bedroom deluxe apt suites, and roof cafeteria & bar/multipurpose room - all with spectacular sea views.
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