Ktimatoemporiki Crete :: English
Home Sitemap News Search Contact Us Testimonials







Deluxe City Centre Hotel with 13 Shops for sale in Cyprus
Home Detailed Images
Deluxe City Centre Hotel with 13 Shops for sale in CyprusReference No : #EUCy2-100
Location : Cyprus
Category : Hotels



Deluxe City Centre Hotel with 13 Shops for sale in Cyprus, Highly Profitable Deluxe 3*** Star Hotel Business, superbly situated in the Upper part of Paphos Town Centre with panoramic views of the harbour and the West coast. The Hotel is also available for rent.

 
Its charming position makes a wonderful retreat for those who prefer a high, cool and unconstructive place, yet within a few minutes walk from the Local Market, District Museum and Public Gardens.

The lucrative business property is built to exceptional 3 star standards and is the only 3*** Hotel in the Town Centre
.

The Hotel is located in the centre of the Old Town Centre which is to become "European Capital of Culture" for 2017 and is completely redeveloped for this reason.

The hotel is fully air-conditioned and heated, can be accessed by wheel chair, and consists of:
  • Eighty one (81) bedrooms, furnished to the highest possible standards with full air-conditioning and central heating for the winter monthĒs ensuite bathroom, shaving sockets, hair dryers, Satellite colour TV, direct dial telephone and private balcony offering incredible mountain and / or sea views of the local scenery.
  • 24 hour reception with panoramic views of the Harbour and Mediterranean sea,
  • Cocktail Bar, Cafeteria, a luxuriously spacious Coffee shop, for Breakfast and snack area
  • Restaurant offering local and international cuisine,
  • Multipurpose / conference room,
  • Swimming pool (18,5m x 8,5m) and children's swimming pool (4,5m x 4,5m)
  • Private parking area,
  • Two (2) lifts to all floors
  • Library with guest's internet connection (all Hotels departments are fully computerized with IBM main server)
  • Complex of shops - there are 13 shops owned by the Hotel at the main entrance level

The Hotel has additional Government Building Permits and approved Architectural Plans for a further expansion of the Hotel with four (4) more floors which include:

Thirty (30) one bedroom deluxe apartment suites and
One (1) roof garden cafeteria/bar and multipurpose room
enjoying once realized spectacular views.

The hotel was fully refurbished in March 2014, including:

  • All new carpets, new carpet underlay. All new deluxe Hotel specification beds special
  • All new Hotel specifications 24” Phillips Professional LED TVĒs with wall mounted brackets.
  • New satellite channels including Russian and film channels.
  • All new Hotel specification curtains(Black-out) new Hotel specification curtains (Net)
  • All new Hotel specification Bedcovers(Quilted)
  • All the Hotel Bedrooms painted all public areas Restaurants corridors painted. All new Hotel table cloths linen. All new Hotel Bedroom special specification Linen. All new Hotel Bedroom Bath towels and face Towels.
  • All pool area painted -New professional catering cookers in the kitchen new catering equipment kitchen utensils , New cutlery and new Plates.
  • New Bedroom bathroom mirrors. New guests toilets bathroom mirrors.
  • New LED Lighting economy lighting in kitchen, Bar Cafe areas. New LED emergency lighting throughout the Hotel. Also economy bulbs fitted throughout Hotel
  • Hotel generator in mechanical room fully serviced. Hotel water pressure pumps in mechanical room all overhauled and fully serviced Hotel pool filtration overhauled, sand ballast replaced and pumps serviced.


The Hotel has been operating very profitably and most successfully for over 17 years and is open to its clientele coming from various European countries and Russia all year round.

The performance and returns signify that well run and well operated hospitality operations can conform to people's high expectation and Value for Money factor are the dictating elements for the prime success together with the correct policy implementation, budgeting and management policies and procedures. Furthermore it should also be noted that the hotel has a diversification enigma by also investing heavily in the Shops leasing Market that has also contributed successfully to the company's overall performance.

The present annual turnover in 2012 was over 1,1 Million Euros High GOP. Certified Audited accounts are available and Inspection visit is possible to seriously interested principals.

Currently this hotel has 11 full-time and 6 part-time personnel, and the experienced management can stay on if required (applies for sale only)

Company share sale so there is no property transfer fees, a large saving of 380.000 Euros.

Finally, non-Europeans who buy the Hotel and Shops Complex will receive a European Union passport upon buying for themselves and their family.

This exquisite hotel also offers the rental opportunity with purchase option.

Rental requirements.


•Monthly rental is 23,500 Euros.
•The Rental period is minimum 3 Years and the maximum rental period is negotiable.
•The compulsory purchase of all stock on date of transfer, food Stock, wet stock, dry stock, stationery stock, maintenance stock, and any other stock that is needed for the Hotels operation shall be bought at cost price by the lessee

Rental payment provisos.

55% of the total rental contact period required in advance and the balance to be paid in equal advance monthly installments.
An Irrevocable non expiring “Bank Guarantee” for the amount of 220,000 Euros for the three years rental period from a reputable EU Bank that will be held, by the owning Company until the Hotel is returned to the owning company. This secures the full implementation of the Lessees contractual obligations, the Hotels Assets, Furnishings, Fixtures, Fittings, the Hotels three stars official Cyprus Tourism Organization classifications rating and operating licenses.



Location

The hotel is just a few minutes' walk from the Local Market, District Museum, Municipality and Public Gardens, in the centre and exclusive shopping area and a walk away from the Local Bazaar with bus stops outside the Hotels main entrance. With its population of only 27.000 inhabitants Paphos (also spelled Pafos) is the capital of Cyprus' western region. Most of the inhabitants work as employees in various branches of tourism, because there is not much industry.

Paphos consists of two areas: the coastal resort area (Kato Paphos) and the town itself (Pano Paphos) which is slightly inland. Paphos airport offers a great link point to many European cities, as opposed to flying into Larnaca (the larger airport closer to the eastern portion of the island) and driving (~100km, 80Euro cab ride each way.)

Paphos is very popular with tourists, and especially with English, German and Scandinavian tourists. Among its attractions are its ancient mosaic floors, it's beautiful old harbour, its modern hotels and restaurants, situated along the seaside promenade. Other sites include an archaeological museum, the Byzantine castle of Paphos, the Tombs of the Kings, St. Paul's Pillar and the Temple of Aphrodite (the goddess of love and beauty).

The climate of Cyprus makes the summer months a popular time for tourism in Paphos, when temperatures reach easily into the mid 30 degrees centigrade every day. However the cooler winter months make walking and cycling ideal activities, especially further away in the mountains.

The main shopping lane, which runs parallel to the beach promenade, is the ideal tourists' marketplace.

Paphos is one of the main tourist spots in Cyprus. The sun shines all day long in the radiant town. There are many hotels both big and small for tourists to stay in, with kindly staff who will be happy to help you with your every need.

Located in Paphos is the gorgeous Coral Bay, a beauteous beach with soft sand and deep blue water, a perfect place for water sports.
Price (Euros) 7500000
Previous Price (Euros) 10500000
Land area (mē) 2550
Storage yes
Sea View yes
Swimming pool yes
Air Condition yes
Electricity yes
Water yes
Phone yes
Monthly rent (Euros) 23.500
Furnished yes
Internet Connection Available
Contact us - Main office
Contact us - Main office



Tel.:
Fax:

E-mail:
+30 28210 57111
+30 28210 58881
info@ktimatoemporiki.gr





Detailed Images

Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
External impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
External impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
External impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
External impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
External impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
External impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
External impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
Deluxe City Centre Hotel with 13 Shops for sale in Cypruswith 13 Shops for sale in Cyprus
Internal impression :: Deluxe City Centre Hotel with 13 Shops for sale in Cyprus with 13 Shops for sale in Cyprus
   
Username
Password
Not a member? Register here



Home :: Privacy Policy :: Sitemap :: News :: Search :: Contact Us

Where your dreams become investments! Real estate Ktimatoemporiki
©2005 Ktimatoemporiki. All rights reserved."It is pointed out that according to Law 2121/1993 and the International Conventions on the protection of copyright that Greece has ratified the republication and generally the reproduction of the content of the present web page in all or in part is prohibited without the previous written authorisation of Ktimatoemporiki Crete".
This site was designed and developed by net-tomorrow design studio