Touristic Hotel apartments resort for sale, located just 250 meters away from the famous Nissi Beach Avenue where all touristic amenities are found and only 600 meters walk from Sandy Beach. Its location is also superb as it is in a quiet neighbourhood and only 200 meters from the Agia Napa Center. The complex has been constructed in 1990 and sits on 1930 sq meters of land, adjacent to Government Green area. The Hotel apartments, reception and cafe restaurant are of 1,039 sq meters of covered area. There is an additional 236 sq meters basement which used to be a separated small nights club in the past but is closed nowadays. The complex consists of 13 good size one bedroom apartments and 12 studios. The specific complex is open all year round, working and rented out to holiday makers. All studios and one bed apartments at complex are spacious and bright with own balcony/veranda. All apartments have their own bathroom/shower. The property has its own restaurant and reception room. The complex can acquire extra building density of 20% and can extend present hotel apartments to additional 10 rooms. The business has a licence to operate as Hotel Apartments Category C touristic complexes. The property is the only asset of a Cyprus company and therefore all shares of the company can be transferred to its new owners.
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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