Hotel for Sale in Kato Paphos

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€3,500,000 EUR

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Ref 2141658 | Kato Paphos, Paphos | Hotel

Currency services provided by PureFX 3,500,000 EUR  |  Approx.£3,013,850 GBP  |  Approx. US$3,745,700 USD
  • Type: Hotel
  • Location: Kato Paphos
  • Province: Paphos
  • Country: Cyprus
  • Bedrooms: 16
  • Bathrooms: 0

The hotel is located in the heart of Kato Pafos, within easy walking distance from all amenities. 150 meters away from the nearest sandy beach and only 800 meters away from the picturesque harbour and the UNESCO archaeological site. The property is well connected with public transport and it is within 25 min from Paphos Airport.


Property Information:


Property was built in the 1980’s. It’s fully licensed by the Cyprus Tourism Organization to operate as Hotel Apartments category B. The hotel was closed in 2010 due to owners retirement. Recently the owners have received new licence Category Lux convert it into All Suite Boutique Hotel. The new architectural plans for renovation consist of 16 suites, breakfast area, restaurant and coffee shop, exhibition hall, gym and wellness centre, games area, terrace and swimming pool. First and second floor will accommodate 8 suites, There is also the potential of using roof. THE PROPERTY IS FREEHOLD.


Hotel Characteristics:



In need of renovation
All licenses obtained for renovation and extension
Close to the harbour and beach
Excellent location




Outdoor

» Communal swimming pool





Views / Distances

» Shops/Amenities Nearby
» Bars/Restaurants Nearby
» Sea views
» Close to the port
» Airport: 30 min drive
» Town: Walking distance
» Beach: Walking distance




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