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Hotel
Chrysopolitissa, Larnaca

€10,000,000  ($11,521,547)

FIRST CLASS HOMES

FIRST CLASS HOMES

Reg. No: 1256 | Lic. No: 258/E

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BuySell Cyprus Real Estate offer on property will expire soon
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Compared currency flag Pay in USD and save up to $403,254

Average Bank Rate (€10,000,000)
1 USD = 0.8386 EUR
$11,924,801

Mid-market rate (€10,000,000)
1 USD = 0.8679 EUR
$11,521,547

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: 1792857 (57775)
  • Plot: 2000 sqm
  • none

Description

Friendly and well-established hotel apartment complex with commercial shops, ideally located near the heart of Larnaca. The property is within walking distance to the town center, the renowned Palm Tree Promenade (Phinikoudes), and the Larnaca Marina. Larnaca International Airport is just a 10-minute drive away, while the town’s port lies only 600 meters from the property.The hotel comprises 37 well-designed and spacious apartments, along with 17 retail shops, as follows:3 Comfortable two-bedroom apartments21 Spacious one-bedroom apartments13 Cozy  spacious studios17 Retail shopsImportant NotesValid planning permit allows the construction of an additional 22 rooms within the hotel plotIn 2024 and 2025, the reception area, 3rd floor, and 4th floor underwent full renovation, modernizing the complexThe sale involves 100% transfer of company shares, not subject to VAT or transfer fees.Income sourceHotel apartment rentalsMonthly income from 17 commercial shop tenants   

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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€396,600 ($456,945)
If buying on joint names
€393,200 ($453,027)

Disclaimer - Property reference 1792857. 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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