Aapartment hotel with high rental income in Paphos Project №56621
Sold
1396
Additional:
Title deed
Pool
Furniture
Appliances
Air Conditioner
Parking
Elevator
Toilet
Kitchen
Description:
DOM offers you an investment opportunity to become the owner of an apartment hotel in the heart of tourist Paphos!
The excellent location of the hotel in the heart of the city provides easy access to the equipped beach, shopping centers, tourist and historical attractions.
The hotel was fully restored in 2018 and has been operating since 2000. In recent years, it has shown a 9.8 % annual return on year-round operation and a 7.8% return on operation from April to October.
The accommodation consists of 11 fully equipped apartments from 1 to 3 bedrooms. On-site parking for guests and a swimming pool are available.
The apart-hotel has high ratings on booking and other travel sites. There are already reserved apartments in the current season.
On the ground floor of the hotel, you can make 4 additional apartments to increase the annual rental yield.
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Object
№56621
City:
District:
Complex:
Developer:
Total area:
730 m2
Indoor area:
620 m2
Land area:
600 m2
Storey:
2
Floor:
2
Year of construction:
08/2018
Distance to the sea:
1500 m
Payback:
11 years
ROI:
8%
1 300 000 EUR
1300000
1 781
EUR/m2
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