Property 8049 Paphos / 20574
Prime 4-star Hotel In Kato Paphos, Offering Diverse Potential Uses.
-65%
Opportunity!
Why is this Property Classified as an Opportunity?
Our data science team has identified that the price per square meter for this property is significantly lower than the average indicative price in the district. This discrepancy is not merely a discount; it represents a unique market opportunity. By leveraging advanced analytics, we've developed a smart score that highlights properties offering exceptional value. This score helps you pinpoint the best opportunities in the market, ensuring you get more for your investment.
Paphos Indicative Price
3,828.69 €This Property
1,353.58 €For Sale • Deal
23,000,000€
Estimated Mortgage
/month
16992
m2
Overview
Property Description
4 Star Hotel - Closed in 2021 Possible Scenarios : 1. Outright sale of the asset 2.
Outright Sale, and lease back management Property Characteristics : The hotel is located on the most central part of Kato Paphos with 150m walk to the sea . The hotel is not on the 1st line but second and does not have sea view.
It is located close to Paphos Harbor and Castle. Plot Size : 21.006 sqm Facilities : 1.
Floors 4 - Rooms 272 rooms ( 5 suites / 15 family rooms / 252 standard rooms ). The first 84 rooms have been built in 1978 and in 1996 a full renovation and expansion was made with the addition of 188 rooms. An option for 53 additional rooms to be built exists. Total Build area : 16.992 sqm .
Total covered square meters: 15.449 sqm 2. Other Facilities 2 outdoor swimming pools including a childrens pool, plus one indoor pool .
2 Tennis courts 1 Playroom 1 Souvenir Shop Hair Salon
Gym and Spa 2 Restaurants and 1 indoor bar, 1 Pool Bar 2 Meeting rooms 113 Car parking Spaces
Offices Basement Covered Areas Analytical : Basement : 821 sqm Ground : 4,582 sqm
Upper : 9,876 Auxiliary Buildings : 170 Subtotal : 15.449 SQM Outdoor Covered : Stairs , Canopys, Verandas: 1,543 sqm
Total : 16.992 sqm
Sustainability
Energy Efficency Rating
Property Highlights
Resale
Location
10.85 kms
131.94 kms
2.22 kms
2.36 kms
2.84 kms
2.94 kms
3.45 kms
3.54 kms
3.90 kms
4.14 kms
4.35 kms
4.89 kms
5.71 kms
5.84 kms
5.93 kms
5.96 kms
7.51 kms
8.47 kms
8.51 kms
1.09 kms
1.13 kms
2.15 kms
2.30 kms
2.76 kms
3.56 kms
3.60 kms
3.80 kms
4.33 kms
6.31 kms
7.98 kms
5.46 kms
1.22 kms
1.85 kms
2.18 kms
2.23 kms
2.40 kms
2.47 kms
2.52 kms
2.67 kms
2.72 kms
2.84 kms
2.85 kms
2.85 kms
3.01 kms
3.11 kms
3.22 kms
3.23 kms
3.31 kms
3.35 kms
3.43 kms
3.49 kms
3.51 kms
4.77 kms
4.81 kms
4.83 kms
5.33 kms
6.59 kms
8.25 kms
9.19 kms
9.77 kms
Transfer Fees
Transfer Fees Individual
916,600 €
Transfer Fees Joint Names
913,200 €
Stamp Duty
45,908 €