Ref. No. 22195 Project

€9,000,000 No VAT
Paralimni Famagusta
Project Commercial
8815m² Covered
16098m² Plot
Sales Agent Stefanos Constantinou

Property Description

The property relates to a hotel of 86 rooms and three blocks of apartment of 46 apartments in Pernera, Famagusta.

The property is adjacent to Pernera Avenue and c. 300m southwest of the nearest beach.

The property comprises of:

The hotel main building that consists of a lower floor at pool level with restaurant, dining area, gym, kitchen, toilets, sauna, changing rooms, storage rooms and staff areas. The ground floor consists of a reception area, storage areas, offices, shops and a bar. The three upper floors consist of 86 hotel rooms. The total internal area of the hotel is 5.822sqm.

The three blocks of apartments that consist of 46 apartments (38 one-bedroom and 8 studio apartments) on three blocks.


Important note: The property is currently in tender process. Interested parties are welcome to submit their bids at the latest by 29/09/2023.

All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice

Property Features

No VAT

Transfer Fees

€374,508
BUYING AS AN INDIVIDUAL
€356,600 Transfer fees + €17,908 Stamp Duty
€371,108
BUYING ON JOINT NAMES
€353,200 Transfer fees + €17,908 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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