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Three Star Hotel In Paphos Cyprus For Lease

Paphos, Paphos District, Cyprus
Asking Price:
€2,300,000
Sales Revenue:
€500K - €1M
Cash Flow:
€500K - €2.5M

PAPHOS CYPRUS THREE STAR HOTEL

10 YEARS LEASE/RENT €2.3 MILION or 7 YEARS LEASE/RENT €1.7 MILION
THE HOTEL IS FULLY OPERATING WITH ALL DEPARTMENTS AND IT IS FULLY SERVICED AND EQUIPED

SUBSTANTIAL PREPAYMENT OF RENTS IS REQUIRED AND ALSO A BANK GUARANTEE SECURING THE RENTS AND TERMS OF THE LEASE.

76 ensuite rooms with balconies and Private Bathrooms. with Air-conditioning and heating
Open all year around working with major Tour Operators and online companies & clients.
All Hotel with Air-conditioning and heating
Large swimming pool and separate children pool
Spacious Breakfast Restaurant.
Spacious Formal Dinner Restaurant
Large Commercial kitchens, with walk-in coolers
Very Spacious reception area
Cafeteria/Bar with Bar terrace
Pool bar
Controlled Private car park
WIFI in the Rooms and all areas throughout the Hotel
All department online.
Central computer server
Laundry Room with commercial washing machines and dryers and presser.
2 LIFTS SERVING ALL FLOORS

ENQUIRIES FROM ONLY SERIOUS PRINCIPALS PLEASE.

Property Information

Real Estate:

Lease

Lease Terms:

New rental lease contract for lease for a 10 years period and moneys for the lease to be paid on signing of a 10 lease is €2.3 million

Living Accommodation:

Flat in Hotel

Location:

Paphos Town

Premises Details:

2 Lifts serving all floors located in Paphos town and nearby Bars and Traditional Restaurants

Size in square feet:
M2 5000
Planning Consent:

YES

Business Operation

Expansion Potential:

YES

Competition / Market:

2001

Trading hours:

Daily all year around

Employees:
15 FULL TIME & PART TIME INCLUDED ALSO
Years established:
18

Other Information

Support & training:

Yes Professional staff

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