Hotel in Paphos Municipality

€ 2,950,000

Description


Investment offer!
This option is ideal for those who want to obtain Cypriot citizenship and earn money on it, and not lose money.
For sale 5 three-bedroom villas in a single complex. Each of them has a private pool, is fully furnished, the number of bathrooms corresponds to the number of bedrooms. The terraces offer a magnificent direct view of the sea. The complex is located just 200 meters from the beach and all infrastructure.
The villas are managed. The buyer has the right to appoint a new management company or to manage independently. During the season, villas are rented for an average of 200 euros per day. The yield is about 6% per annum. The growth in commercial real estate is about 7% per year. After 3 years, if desired, the buyer can sell the villas for 20% more expensive, earning another 15% of the rent to tourists - as a result, 35% for 3 years and a Cypriot passport.
Our company is ready to take over the management of the complex, or the buyer can attract another management company.
All villas have a separate title page, so they can be sold both together and separately.

Property details

Location
at the seaside
Number of storeys
2
Construction phase
Resale
Data of Construction
2010

Location

Paphos Municipality

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