Building In Polis Chrysochous, Polis Chrysochou, Paphos

Description

Hotel for sale

Features:

24 0ne bedroom rooms
7 studios

Swimming pool 8x16

Bar - Restaurant-kids play area

Reception

Repeat and steady foreign and local Clientele

Allocated Covered & uncovered parking spaces

driving distance to the beach 5 minutes
walking distance 20 minutes
Near services - amenities - facilities
Near Latch Marina - couple of minutes drive

POSSIBILITY OF AN EXTRA FLOOR ALLOWANCE

EU Funding possibility for renovation and extension

Property Details
* For Sale
* Property Type: Building
* Property Label: Investment Property and Development Property
* Location: Paphos, Polis Chrysochou, Cyprus
* Internal Area: 320sqm-400sqm
* Covered Verandas: 180sqm
* Uncovered Verandas: 200sqm
* Price: €2,500,000
* VAT: N/A
* Loan Installment: €12,254

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:

Assumptions:

Closing Price: €2,500,000

Own Contribution (30%): €750,000

Loan Amount (70%): €1,750,000

Interest rate: 3.2%

Years of repayment: 15 years