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2 950 000 €

Hotel in Paphos, Cyprus, 900 sq.m

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  • Hotel in Paphos, Cyprus, 900 sq.m - picture 1
  • Hotel in Paphos, Cyprus, 900 sq.m - picture 2
  • Property ID on Prian.info: 2846287
    Last update: 21.04.2024
    Number of views: 1879

2 950 000 €

Hotel in Paphos, Cyprus, 900 sq.m

900 sq.m

  • Property ID on Prian.info: 2846287
    Last update: 21.04.2024
    Number of views: 1879

Specifications

Sale price 2 950 000 €
Price per square meter 3 277.78 €
Floor area 900 sq.m
Construction phase Resale
Date of construction 2010
Number of storeys 2
Address Cyprus, Paphos, Koral Bej

Description

Investment offer!

This option is ideal for those who want to obtain Cypriot citizenship and earn money on it, and not lose money.

For sale 5 three-bedroom villas in a single complex. Each of them has a private pool, is fully furnished, the number of bathrooms corresponds to the number of bedrooms. The terraces offer a magnificent direct view of the sea. The complex is located just 200 meters from the beach and all infrastructure.

The villas are managed. The buyer has the right to appoint a new management company or to manage independently. During the season, villas are rented for an average of 200 euros per day. The yield is about 6% per annum. The growth in commercial real estate is about 7% per year. After 3 years, if desired, the buyer can sell the villas for 20% more expensive, earning another 15% of the rent to tourists - as a result, 35% for 3 years and a Cypriot passport.

Our company is ready to take over the management of the complex, or the buyer can attract another management company.

All villas have a separate title page, so they can be sold both together and separately.


Representative