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
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