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Hotel
Poli Chrysochous, Paphos
Offers in the region of

€4,500,000  ($5,185,347)

SOLD

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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 $181,487

Average Bank Rate (€4,500,000)
1 USD = 0.8385 EUR
$5,366,835

Mid-market rate (€4,500,000)
1 USD = 0.8678 EUR
$5,185,347

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: 941490 (8477)

Description

The property is an 84% share of a tourist complex named 'Nicki Holiday Resort' in Polis Chrysochous. It is located in the outskirts of the municipality, 1,5km from Latsi harbour and 1km from the center of Polis Chrysochous. Polis Municipal beach is also within walking distance. The property abuts Akamantos Avenue, which is the main coastal road of Polis with a frontage of 175m. The complex comprises 10 blocks of entirely furnished apartments (a total of 125 units), two restaurants, two shops, a lounge area, a tennis court, a children's playground, two outdoor swimming pools, and auxiliary space in the basement. Gordian owns the 1675/1992 (84%) share of the whole project which corresponds to 97 apartments, two restaurants, two shops, a lounge area, restaurant auxiliary spaces, a children's playground and share of the communal areas. The complex was built in two phases; blocks 100-300 were built in 1990 and the rest of the blocks in 2001. Block 800 has been sold, along with the 11 apartments from blocks 200, 500, and 600. The property can be operated as hotel apartments. It is an ideal opportunity for investment with potential high rental income.

For privacy reasons, the advertiser has not indicated the exact address.
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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
€176,600 ($203,496)
If buying on joint names
€173,200 ($199,578)

Disclaimer - Property reference 941490. 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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