Ref. No. 20574 Hotel

€23,000,000 No VAT
Kato Paphos Paphos
Hotel Resale
272 Bedrooms
16992m² Covered
210006m² Plot
Sales Agent Stefanos Constantinou

Property Description

4 Star Hotel - Closed in 2017 

Possible Scenarios : 1. Outright sale of the asset 

                                  2. Outright Sale, and lease back management 

Property Characteristics : 

The hotel is located on the most central part of Kato Paphos with 150m walk to the sea . The hotel is not on the 1st line but second and does not have sea view. It is located close to Paphos Harbor and Castle. 

Plot Size : 21.0006 sqm 

Facilities : 

1. Floors  4 - Rooms 272 rooms ( 5 suites / 15 family rooms / 252 standard rooms ). The first 84 rooms have been built in 1978 and in 1996 a full renovation and expansion was made with the addition of 188 rooms. An option for 53 additional rooms to be built exists. Total Build area : 16.992 sqm . Total covered square meters: 15.449 sqm 

2. Other Facilities 

2 outdoor swimming pools including a childrens pool, plus one indoor pool . 

2 Tennis courts 

1 Playroom 

1 Souvenir Shop 

Hair Salon 

Gym and Spa 

2 Restaurants and 1 indoor bar, 1 Pool Bar 

2 Meeting rooms 

113 Car parking Spaces 

Offices 

Basement Covered Areas Analytical : 

Basement : 821 sqm 

Ground : 4,582 sqm 

Upper : 9,876 

Auxiliary Buildings : 170              Subtotal : 15.449 SQM 

Outdoor Covered : 

Stairs , Canopys, Verandas: 1,543 sqm 

                                                     Total : 16.992 sqm 

 

Property Features

Air Conditioning
Airport: 15 min drive
Barbeque Area
Beach: Walking distance
Ceiling fans
Close to the port
Elevator
En suite bathrooms
Fire place
Garden
Gated Community
No VAT
Swimming Pool - Communal
Tennis Court
Title Deeds - Available
Town: 5 min drive
Wheelchair facilities
Wi-Fi

Transfer Fees

€962,508
BUYING AS AN INDIVIDUAL
€916,600 Transfer fees + €45,908 Stamp Duty
€959,108
BUYING ON JOINT NAMES
€913,200 Transfer fees + €45,908 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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