80 room Hotel for lease or sale in Paphos, Cyprus

Very centrally situated
3 Star rating plus deluxe

rooms: 80
sleeps: 240
parking space : 35

Highly profitable and very centrally located in the center of Paphos town.

Fully air-conditioned and heated. 80 en suite bedrooms with Balconies. All rooms include 20" colour TV with Satellite Channels, hair dryers and room safe deposit boxes. all rooms can accommodate 1 extra bed. 1 deluxe Large one bedroom suite. 4 staff rooms with staff changing rooms and shower bathrooms.

Exceptional main a la carte restaurant, separate fully equipped coffee shop for breakfast, snack area, pool bar, cafe bar, cafeteria with large terrace offering panoramic sea views with access to external guests from Paphos towm. Fully equipped kitchens with two very large walk in coolers, staff restaurant, laundry room, full size swimming pool and children's pool, sauna, gym with changing rooms and showers.

Private parking with 2 lifts to all floors, library with guests internet Corner connection, all departments are fully computerized with IBM main server. Wheel chair access to all areas.

Very centrally located in Paphos town center within a very short walk to the local market & bazaar, district museum and public gardens, and on the main shopping strip offering exclusive shopping. Public transport very close by.

In immaculate condition and well maintained and kept.

Annual turnover in excess of 1 million euros

Sale price: 18 million euros
Sales price includes frontage shops on main road.

Lease Rental: 346,800 euros / annum

To lease for 3, 5 or 7 years.

3 Year lease
13 months rental payable in advance. Balance payable over 36 monthly equal advance payments.
Guarantee of €1,250,000 required to cover hotels furnishings fittings and overall equipment, assets and star rating Etc

5 Year lease
17 months rental payable in advance. Balance payable over 60 monthly equal advance payments.
Guarantee of €1,650,000 required to cover hotels furnishings fittings and overall equipment, assets and star rating Etc

7 Year lease
25 months rental payable in advance. Balance payable over 60 monthly equal advance payments.
Guarantee of €1,950,000 required to cover hotels furnishings fittings and overall equipment, assets and star rating Etc

OPTIONAL FULL MANAGEMENT TO NEW LESSORS OR BUYER AT 3% ON TOTAL TURNOVER