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30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m²

30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 1
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 2
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 3
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 4
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 5
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 6
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 7
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 8
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 9
30 bed hotel for sale in Chlorakas, Pafos, Cyprus, 2000 m² - photo 10
Price€5,200,000
TypeHotel
Covered area2000 m²
Land area2400 m²
Beds30
Bath30
Rooms31
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Hotel in Paphos

This is a small family-run hotel located close to the tourist centre of Chloraka village and is open half year. It lies only 2000 meters from the beach, but in a quite narrow side street to the central beach road where you find all facilities needed for holiday stay.The building where once the family home and it have slowly been expanded over the years to the hotel you see today. It was radically rebuilt and renovated in 2016, following modern aesthetic principles which give the building its own secure and individual identity.The hotel consists of 30 studios and apartments with furniture and a fully equipped kitchenette. Each room or apartment has its own bath, A/C, satellite TV and balcony or terrace.

Extra Сosts when Buying Property

TRANSFER TAX*
up to €85 000 3%
€85 000 - €170 000 5%
over €170 000 8%
*If VAT has been paid no transfer tax
*If no VAT has been paid 50% of the transfer tax rate
STAMP DUTY
If the value of the property is less than € 171,000 0,15%
If the value of the property exceeds € 171,000 0,2%
VAT
standard rate 19%
reduced rate 0-5%

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Ongoing Ownership Costs

Municipality Tax, annually 0.02%
Communal Services fees, multi-residential complexes, monthly €40-50
Communal Services fees, private house, monthly €60-200
Sewerage Tax, annually €60-75
Electricity costs, monthly about €50
Water rates, monthly about €50
Telecommunication rates €50-60

Additional Services Costs

Legal support (one time payment) 0.8%-1%

Return on Investment

Property Price
Rental Cost
0%
Amina
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Limassol, Paphos, Larnaka
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