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£5,675,698

€6,500,000

Hotel for sale

Kato Paphos (City), Paphos, Cyprus

£5,675,698

€6,500,000

Hotel for sale
Kato Paphos (City), Paphos, Cyprus

    About this property

      3* Hotel is situated in the heart of the tourist area in Paphos, aprx 500 meters from the beach; shops, bars, restaurants are just by the site .
      3 star hotel and adjagent building consisting of townhouses & apartments
      The hotel was build April is situated in Kato Paphos, 600 meters from the harbour, beach, shops and restaurants just by the site .The hotel is built on 3110 square meters. The building zone ka7 80% build, 2 floors.

      1. The hotel consists of 84 hotel rooms, two floors.

      2. Reception area 60 square meters.

      3. Lobby area 95 square meters.

      4. Restaurant covered area 250 square meters seating area 150 persons.

      5. Bar with a sitting area 145 square meters of 80 persons.

      6. Veranda outside area 41 square meters for 30 persons.

      7. One swimming pool area 188 square meters, 9 meters x 15 meters.

      8. Deck bar area 130 square meters.

      9. Two sun decks.Lower sun deck 100 square meters and top sun deck 150 square meters.

      10. Kitchen area 95 square meters.

      11. Two offices. Managers office and Accounts office.

      12. The basement is separated in staff room, staff lockers, dry store, butchery, vegetable store, chemical store and 3 walking fridges.

      13. The hotel has applied to the municipality of Paphos for an extra floor and a swimming pool in May 2019. Πα/191/2019

      14. Last major renovations 2017,2018,2019 spend over 700.000.

      Adjagent building:
      Building details

      Four 2 bedroom townhouses
      Ten 1 bedroom apartments
      4 Studios
      18 Units - 22 Rooms
      Plot Size:1864m2
      Building size: 928m2
      Density: 80%
      Coverage: 45%

      Unexhausted building density to build an additional 500m2
      Ideal to be converted into a Boutique hotel, or for long term rental or renovating to sell
      Within a gated complex
      Walking distance to all amenities, the beach and the touristic Paphos Harbour.

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