sale and rental
51 Room hotel found 150 m from Palm Beach hotel and 250 m from the Blue Flag beach in Larnaca – Ayia Napa Road in the heart of the Tourist area of Larnaca .The hotel is currently closed, and needs renovation. The hotel was build and operated prior to the decrease of zoning in area, and thus it carries a great advantage of over 1800m2 of building density that making it exceptionally attractive due to the high number of rooms it can accommodate thus high yield and profitability . The property is for sale on “As is “ basis. If requested, our company can undertake the full renovation of the said property after the sale. Our architects, interiors designer, consultants, will be engaged into converting the hotel into one of the 3 solutions we suggest, or another solution that the new owner will find appropriate. Fees and costs to be discussed and agreed
|Transfer Fee (single payment)|| One owner: 96582.8€ (3.86%)
Two owners: 93165.6€ (3.73%)
|Stamp duty (single payment)||4933€ (0.20%)|
|Immovable property tax (anual payment)||2210€ (0.09%)|
|Municipal tax (annual payment)||250€/Year (0.01%)|
|Legal fee (single payment)||from 20000€ (0.8%) to 25000€ (1%)|
In this section, You will find insider’s guide to Cyprus, its cities and resorts as well as the catalog of attractions: descriptions, maps, photos, and working hours.
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