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2 800 000 €

Hotel in Paphos, Cyprus, 3 141 m²
  • Hotel in Paphos, Cyprus, 3 141 m² - picture 1
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  • Hotel in Paphos, Cyprus, 3 141 m² - picture 1
  • Property ID on Prianproperty.com: 3987215
    Property ID on company's website: 6106
    Last update: 28.01.2025
    Number of views: 364

2 800 000 €

Hotel in Paphos, Cyprus, 3 141 m²

3141 sq.m 220 000% per year
Remote Transaction

  • On the map
  • Property ID on Prianproperty.com: 3987215
    Property ID on company's website: 6106
    Last update: 28.01.2025
    Number of views: 364

Specifications

Sale price 2 800 000 €
Price per square meter 891.44 €
Floor area 3 141 m²
Construction phase Resale
Date of construction 2010

Additional services

  • Property management company
  • Opportunity of a remote transaction

Finance

Profitability
Annual return 220 000 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Business expenses
Not included in the price

Description

2 blocks of tourist apartments with building expansion permit in Paphos

Block A has 11 studios and 3 shops.,

There are 6 two-room apartments in block B,

a plot of land with an area of 3141 sq. m.

There are permits that need to be updated in order to build 2 more blocks of 12 apartments, 9 one-room and 3 two-room, i.e. 24 more apartments.

The complex has been on short-term lease for several years.

The specialists of the licensed Cyprus real estate agency ABC CYPRUS Homes will arrange for you to view this property or select other options according to the specified search criteria.
We cooperate with the leading independent lawyers in Cyprus, specializing in real estate transactions and immigration issues.
We are on messengers by phone + 357 99 300 838


Contact seller

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Representative

Regina Porter
Languages: english
Show phone number



Seller
Regina Porter representative of the company

ABC CYPRUS HOMES

Languages: english
Contact seller
Messengers: