18 bedrooms Hotel in Paphos, Cyprus No. 21886
9
ID21886
€ 1 400 000
- EUR €
- USD $
- RUB ₽
- GBP £
- TRY ₺
Property description
For sale hotel of 730 sq.meters in Paphos. The hotel has 2 levels.The first floor consists of 7 bedrooms, 4 living rooms with kitchen, 2 living rooms, 6 shower WC. The second floor consists of 11 bedrooms, 5 living rooms with kitchen, 5 shower WC. There are solar panels for water heating and air conditioning. The owners will be leaving the furniture with the sale. Extras included with the property: parking space, garden. The property boasts a shared swimming pool. Aparthotel is superbly located in the center of Paphos within walking walking distance from equipped beaches, shopping centers, tourist activities, historical sights. There is a bus stop opposite the entrance to the aparthotel. From there in less than an 1 hour you can reach such iconic places as Aphrodite's Stone, Coral Bay and the Troodos Mountains. What is also very important is that the hotel can be easily reached from the airport by public transport in just 30 minutes. Competitive Advantages:•Pool - in this segment and location is a unique advantage that is absent from all competitors.•Thanks to the combined use of seasonal prices and the target consumer, this apart-hotel loading accounts for 75% of the number of rooms on average per year.•Higher incomes, since the implementation of the “Hotel without personnel” idea and the high automation of business processes significantly reduce fixed costs. Prospects:The Government of the Republic of Cyprus since 2020 introduced a number of changes to the tourism legislation of the country. In particular, the conversion of basements to accommodate tourists is now permitted. This relaxation makes possible to equip in this apart-hotel an additional four double rooms. Thus, revenue will increase by 31%, which may bring an additional profit. Subject to the mentioned scenario conditions. In 2021, in accordance with the new law, it became possible to build on one more floor. This will increase the number of rooms for 12 double rooms, which will give an increase on revenue.
Paphos - Statistics
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| Parameters | Paphos |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | € 861.90 |
| Apartment (1 bedroom) Outside of Centre | € 645.00 |
| Apartment (3 bedrooms) in City Centre | € 1 644.44 |
| Apartment (3 bedrooms) Outside of Centre | € 1 337.50 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | € 2 183.18 |
| Price per Square Meter to Buy Apartment Outside of Centre | € 1 936.50 |
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| Parameters | Paphos |
|---|---|
| Crime Index | 32.56 |
| Cost of Living and Rent Index | 40.00 |
| Purchasing Power Index | 83.75 |
| Property Price to Income Ratio | 5.83 |
| Safety Index | 67.44 |
| Traffic CO₂ Index | 3990.00 |
| Traffic Inefficiency Index | 108.55 |
| Rent Index | 23.98 |
| Health Care Index | 68.72 |
| Groceries Index | 49.00 |
| Pollution Index | 36.63 |
| Traffic Commute Time Index | 19.38 |
| Restaurant Price Index | 49.47 |
| Climate Index | 96.66 |
| Cost of Living Index | 54.86 |
| Quality of Life Index | 181.51 |
| Traffic Index | 97.36 |
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| Parameters | Paphos |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | € 13.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | € 60.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | € 7.00 |
| Domestic Beer (0.5 liter draught) | € 3.00 |
| Imported Beer (0.33 liter bottle) | € 3.00 |
| Coke/Pepsi (0.33 liter bottle) | € 1.90 |
| Water (0.33 liter bottle) | € 0.86 |
| Cappuccino (regular) | € 3.12 |
| Markets | |
| Milk (regular), (1 liter) | € 1.53 |
| Loaf of Fresh White Bread (500g) | € 1.47 |
| Eggs (regular) (12) | € 3.34 |
| Local Cheese (1kg) | € 10.79 |
| Water (1.5 liter bottle) | € 0.95 |
| Bottle of Wine (Mid-Range) | € 6.25 |
| Domestic Beer (0.5 liter bottle) | € 1.52 |
| Imported Beer (0.33 liter bottle) | € 2.12 |
| Cigarettes 20 Pack (Marlboro) | € 4.95 |
| Apples (1kg) | € 2.95 |
| Chicken Fillets (1kg) | € 7.55 |
| Oranges (1kg) | € 2.64 |
| Potato (1kg) | € 1.04 |
| Lettuce (1 head) | € 0.70 |
| Rice (white), (1kg) | € 2.00 |
| Tomato (1kg) | € 2.53 |
| Banana (1kg) | € 1.61 |
| Onion (1kg) | € 0.91 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | € 10.89 |
| Transportation | |
| One-way Ticket (Local Transport) | € 1.75 |
| Monthly Pass (Regular Price) | € 50.00 |
| Gasoline (1 liter) | € 1.39 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | € 32 500.00 |
| Taxi Start (Normal Tariff) | € 9.50 |
| Taxi 1km (Normal Tariff) | € 1.80 |
| Taxi 1hour Waiting (Normal Tariff) | € 16.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | € 30 833.33 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | € 139.80 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | € 35.23 |
| € 19.44 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | € 1 767.29 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.26 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | € 57.86 |
| Tennis Court Rent (1 Hour on Weekend) | € 28.33 |
| Cinema, International Release, 1 Seat | € 10.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | € 91.25 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | € 53.33 |
| 1 Pair of Nike Running Shoes (Mid-Range) | € 109.67 |
| 1 Pair of Men Leather Business Shoes | € 103.32 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | € 369.38 |
| International Primary School, Yearly for 1 Child | € 6 775.00 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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CityPaphos
TypeHotel
Bedrooms18
Living space730 m²
- m²
- sq. ft
Land area522 m²
- m²
- sq. ft
To sea1.3 km
Price
- Price
- per m²
€ 1 400 000
- EUR €
- USD $
- RUB ₽
- GBP £
- TRY ₺
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