€3,500,000
€3,500,000
NO V.A.T
€3.5M 16 0

MLS2366 - 16 Bedroom Commercial in Kato Paphos

Kato Paphos, Paphos, Cyprus
  • Covered Area
    1518 m2
  • Plot
    1419 m2

Key Features

  • Close To Amenities
  • Close to Town
  • Close To Supermarket
More Features

Description

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

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Location

Similar Properties

Petros Tziakouris
(+357) 99 531457

All Property Features

  • Close To Amenities
  • Close to Town
  • Close To Supermarket
Freephone:
Head Office Protaras:
Larnaca Office:
Paphos Office: