78 Bed Hotel for sale
Kato Paphos, Paphos, Cyprus
£4,256,600 *
[€4,950,000]
Full Description
The available property for sale is a three-star hotel situated in a highly sought-after location in Kato Paphos. Conveniently located on Constantias Street, the hotel is just 450m away from the sea and 650m from the Kings Avenue Mall. Boasting a total of 78 rooms, each typical room covers an area of 22 sqm with a small veranda, comprising an open plan living area, bedroom, and bathroom.
The hotel is comprised of a basement spanning 475sqm, a ground floor of 755sqm, a first floor of 855sqm, a second floor of 855sqm, and a covered parking area measuring 168sqm. The basement includes a gym with sauna, storage facilities, toilets/showers, staff amenities such as toilets and locker rooms, a staff dining area, cold rooms, and freezers. The ground floor features a reception area, lounge space, and additional toilets. The first floor accommodates 44 rooms, while the second floor houses 34 rooms. External amenities include a swimming pool, kids' pool, patio, dining area, covered and uncovered parking spaces, and perimeter fencing, along with a roof garden area.
Notably, this property offers excellent proximity to the coastal promenade, Paphos Castle, various dining options, cafes, neighboring hotels, and all necessary amenities. This presents a remarkable opportunity for investment in a prime hospitality establishment in a desirable area.
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