21 more images below...
Hotel & 13 Shop Units For Sale or For Rent in Paphos, Paphos Cyprus
Renovated Deluxe Profitable 80 Rooms Hotel & 13 Shops
Asking Price: 8,500,000 € (Financing Available)
Rent It For: 24,500 € per month
(Prices are negotiable)
Deluxe 80 rooms & 13 Shops for Sale for €8.50 million Euros Three-star Hotel Large corner property
Freehold property – company transfers (No transfer fees)
Complete Hotel Refurbishments made in March 2013 & 2014 included
OPEN ALL YEAR AROUND
Superbly situated in the Upper part of the Town Centre with panoramic views of the harbour and the West coast is very centrally located for
shopping and sightseeing. Its charming position makes a wonderful retreat for those who prefer a high, cool and unconstructive place, yet
within a few minutes walk from the Local Market, District Museum and Public Gardens.
Built to exceptional 3 star standards the Hotel has 80 rooms, some of which are adjoining. Each room is furnished to the highest possible standards
with full air-conditioning and central heating for the winter month’s ensuite bathroom, shaving sockets, hair dryers, Satellite colour TV, direct dial
telephone and private balcony offering incredible mountain and / or sea views of the local scenery. Other facilities include,
24 hour reception with panoramic views of the Harbour and Mediterranean sea,
Cocktail Bar, Cafeteria, a luxuriously spacious Coffee shop,
Restaurant offering local and international cuisine,
Multipurpose / conference room,
Large swimming pool, children's pool,
Private parking area,
2 lift to all floors Library with guest’s internet Corner connection all Hotels departments are fully computerized with IBM main server.
Complex of shops there are approximately 12 shops owned by the Hotel at the main entrance level
Hotel Extension Possibilities.
There are government approved Architectural plans and building permits from all local authorities to build another
4 floors one of a Multipurpose Function room / Roof garden floor and the other floors to be rooms or suites.
Hotel Extension Possibilities.
• There are government approved Architectural plans and building permits from all local authorities to build another 4 floors one of a Multipurpose Function room / Roof garden floor and the other floors to be rooms or suites.
Agents and Principals welcome.
We will not respond to anonymous inquiries.
SERIOUS INTEREST SHOULD VERIFY IDENTITY AND CAPABILITIES TO PAY BEFORE ARRANGING A VIEWING.
TO RENT ONLY HOTEL NOT WITH SHOPS.
• Monthly rental is €25,500.
• The Rental period is minimum 3 Years but the maximum can be much longer rental period is NEGOTIABLE.
• The compulsory purchase of all stock on date of transfer, food Stock, wet stock, dry stock, stationery stock, maintenance stock, and any other stock that is needed for the Hotels operation shall be bought at cost price by the lessee
Rental payment provisos.
• 55% of the total rental contact period required in advance and the balance to be paid in equal advance monthly installments.
• An Irrevocable non expiring “Bank Guarantee” for the amount of €250,000 for the three years rental period from a reputable EU Bank that will be held, by the owning Company until the Hotel is returned to the owning company. This secures the full implementation of the Lessees contractual obligations, the Hotels Assets, Furnishings, Fixtures, Fittings, the Hotels three stars official Cyprus Tourism Organization classifications rating and operating licenses.
|About This Property|
|Features - Amenities|
- Ocean View
- Mountain View
- Pet Friendly
- Maid's Quarters
- Maid's Bathroom
- Laundry Room
- Studio Room
- Cable TV
- Two Deluxe One Bedroom Suites, One Can Be Used By The Investor For Living Accommodation In The Hotel. In The Hotel With Full Facilities Kitchenette, Large Siting Room, Separate Bedroom, And 24 Hours Reception, Security, Superbly Furnished,fully Deluxe Furnished.
- Wi-Fi Internet In All Of The Hotel.
- Centre City Location
- Private Car Parking With Automatic Controlled Gate.
- Open All Year Around
- Large Corner Property
- Repeat Clientele
|Pictures (click to view a larger image)|
|Contact - More Information|
|Search More Listings|