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Hotel for sale in Ayia Napa, Famagusta

Ayia Napa, Famagusta, Cyprus
Hotel for sale in Ayia Napa, Famagusta 253 Ayia Napa
3200000 €3,200,000  ($3,455,600)
Hotel
Ayia Napa, Famagusta

€3,200,000  ($3,455,600)

AEA Address Estate Agents Ltd

AEA Address Estate Agents Ltd

Registration 1240. Licence 613/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $120,946

Average Bank Rate (€3,200,000)
1 USD = 0.8947 EUR
$3,576,546

Mid-market rate (€3,200,000)
1 USD = 0.9260 EUR
$3,455,600

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 714476
  • Air Condition
  • Building permit available
  • Title deeds available

Description

This licence two star existing/in operation Hotel (Year build 1985), consists of 23 hotel rooms on two floors. Due to the increase in building density in the area, existing hotel can be extended up to additional 22 Hotel Rooms, most specifically by adding additional approx 400 m2 to the third top floor. After extending the hotel to a third floor, the total number of hotel rooms will become 45 rooms approximately, plus 400 m2 of roof garden. The total area of land is 1307 m2, with 60% density used, plus extra added density of 55 m2 used. The present additional density offered, to be built today is around 400 m2. Facilities include: Full size Kitchen-Restaurant, Reception, Lounge area, Coffee-Snack Bar area, Pool Bar, large swimming pool and large Patio Area, Swimming Pool Jacuzzi, Mature Large Gardens. There is a Large covered Car Park area. In the Basement there is also a Gym-Sauna with all facilities -Health and Massage Room. It also includes Guests WC's and Changing Rooms. In addition there are six large Store Rooms. The Basement of 480 m2 is large enough to turn the hotel into a luxury SPA HOTEL. The Ground floor area is 290m2. The covered parking area is 190m2. The first floor area is 190m2. The 2nd floor area is 400m2 & Veranda 80 m2. Total existing covered building area 1630 m2. Another additional, new of 400m2 approximately can be built today on the 3rd top floor. Hotel in need of Full Renovation and Modernisation.

Buying expenses

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.

Stamp Duties
If buying as an individual
€6,308 ($6,811)
If buying on joint names
€6,308 ($6,811)
Transfer fees
If buying as an individual
€124,600 ($134,552)
If buying on joint names
€121,200 ($130,881)

Disclaimer - Property reference 714476. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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