Property Description

REDUCED FROM €85,000 - €75,000

This British style pub / restaurant is situated opposite St. George Hotel and halfway up Grivas Diginis Street. With lots of expat clientele in Paphos making this an all year round successful Business. It has the capacity for 50 people inside and 30 outside. Great value for money for new Owners to take over and the extra bonus is that it is within walking distance to hotels and other shops.

This is a very profitable Business with plenty of scope to improve. The second floor is currently used as storage but can be converted into a function room or sports /games room. The current owners already have permission from the landlord.

The Pub holds a quiz night every Thursday which is always fully booked weekly and various events have been pre booked fortnightly upto and including Christmas.

Winter season is their busiest months as it is mainly local expats that use it, especially December with Christmas parties and Christmas Day and New Year’s Eve. August is usually the quietest period, as a lot of the expats go back to the UK to get away from the heat and this is usually when the current owners take a couple of weeks off for their holiday.

The owners have a Facebook page, trip advisor page, Instagram page and google page, feel free to go and view the events they have going on and read some of the reviews. These pages can all be changed into the new buyers name to keep the current followers.

Rent is €1000 per month. Interested Buyers can contact us for further information on ROI and Inventory List.

Property Features

Beach: 5 min Drive
Furnished - Fully
Furnished - White Goods
Separate Kitchen

Transfer Fees

€1,125 Transfer fees + €105 Stamp Duty
€1,125 Transfer fees + €105 Stamp Duty
The above calculations are an indication of your tax liability and legal fees when buying a property in Cyprus. The Cyprus Land Registry calculations may differ since are based on thier own property valuation price.
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