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Global Properties

18 bedrooms Hotel in Paphos, Cyprus No. 13177

$ 1 588 440
$ 2 176 per m²
18 Bedrooms
730 Living space, m²
Paphos, Cyprus
Parameters
Bedrooms
18
Living space, m²
730
ID
13177
Type
Hotel
Land area, m²
522
To sea
1.3 km
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.
Features
Features
  • Furnished
Outdoor features
  • Car park
Statistics Paphos
$ 3 301
Price per m²
186
Quality of Life Index
53
Cost of living Index
Parameters
[:second_city:]
Paphos
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 128
2-Room Apartment
$ 875
Apartment Purchase Price per m²
In the City Center
$ 3 301
Outside the City Center
$ 2 581
Crime Index
32
Cost of Living and Rent Index
42
Purchasing Power Index
89
Property Price to Income Ratio
8
Safety Index
68
Traffic CO₂ Index
3952
Traffic Inefficiency Index
114
Rent Index
28
Health Care Index
71
Groceries Index
53
Pollution Index
32
Traffic Commute Time Index
20
Restaurant Price Index
54
Climate Index
97
Cost of Living Index
53
Quality of Life Index
186
Traffic Index
98
Restaurants
Meal, Inexpensive Restaurant
$ 16.98
Meal for 2 People, Mid-range Restaurant, Three-course
$ 67.94
McMeal at McDonalds (or Equivalent Combo Meal)
$ 8.49
Domestic Beer (0.5 liter draught)
$ 3.63
Imported Beer (0.33 liter bottle)
$ 3.96
Coke/Pepsi (0.33 liter bottle)
$ 2.18
Water (0.33 liter bottle)
$ 1.39
Cappuccino (regular)
$ 3.67
Markets
Milk (regular), (1 liter)
$ 1.67
Loaf of Fresh White Bread (500g)
$ 1.70
Eggs (regular) (12)
$ 4.15
Local Cheese (1kg)
$ 16.55
Water (1.5 liter bottle)
$ 0.83
Bottle of Wine (Mid-Range)
$ 7.36
Domestic Beer (0.5 liter bottle)
$ 1.90
Imported Beer (0.33 liter bottle)
$ 2.32
Cigarettes 20 Pack (Marlboro)
$ 5.66
Apples (1kg)
$ 2.70
Chicken Fillets (1kg)
$ 9.11
Oranges (1kg)
$ 2.27
Potato (1kg)
$ 1.34
Lettuce (1 head)
$ 0.86
Rice (white), (1kg)
$ 2.35
Tomato (1kg)
$ 3.85
Banana (1kg)
$ 1.69
Onion (1kg)
$ 1.13
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 14.27
Transportation
One-way Ticket (Local Transport)
$ 2.26
Monthly Pass (Regular Price)
$ 56.61
Gasoline (1 liter)
$ 1.57
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 25 193
Taxi Start (Normal Tariff)
$ 5.66
Taxi 1km (Normal Tariff)
$ 2.15
Taxi 1hour Waiting (Normal Tariff)
$ 20.83
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 34 911
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 197
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 36.86
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 23.15
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 896
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
4%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 65.51
Tennis Court Rent (1 Hour on Weekend)
$ 21.23
Cinema, International Release, 1 Seat
$ 11.32
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 86.05
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 54.35
1 Pair of Nike Running Shoes (Mid-Range)
$ 107
1 Pair of Men Leather Business Shoes
$ 104
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 430
International Primary School, Yearly for 1 Child
$ 7 671
Mercury
Mercury Group
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