€4,800,000
Hotel
Covered: 6490m²
Plot: 6915m²
Limassol, Episkopi
Bedrooms: 100
Bathrooms: 100

Hotel in Episkopi For Sale - Ref. K23695


100 ROOMS ,3 STAR HOTEL FOR SALE IN EPISKOPI LIMASSOL

The hotel & sports center is located in an attractive location in Episkopi Community in Limassol District, at a distance of 375 meters (approx.) south of the Limassol - Paphos motorway and 1,1 km (approx.) north-west of the original core of the Community.
The property is ideally situated close to an abundance of amenities and services such as supermarkets, cafes, restaurants, banks etc. It has excellent accessibility to the motorway, the Ancient Kourion site and the beautiful beach of Kourion.

The hotel & sports center was constructed around 1997 and it comprises of 100 rooms in three buildings:
Building A: Consists of a basement, ground floor and three upper floors with a total of 59 rooms.
Building B: Consists of ground and 1st floor, with a total of 41 rooms.
Building C: Sports center, consists of a basement carpark, ground floor and mezzanine sports-related facilities.
The property might be suitable for hotel and sports resort or boarding / special needs school or even
a retirement home.

BUILDING A - total 59 rooms
Basement
Reception/waiting area, multiuse area,
EAC room, gym, boiler room, storages,
WC’s, sauna, 2 jacuzzi, hair saloon,
auxiliary space
Ground Floor
Reception, managers office, 2 offices,
call center, TV room, shop, waiting area,
luggage area, auxiliary space, bar,
lobby, staff changing rooms, kitchen,
2 fridges, 5 storages, restaurant
Ground Floor – 7 rooms
1st Floor – 17 rooms
2nd Floor – 18 rooms
3rd Floor – 17 rooms

BUILDING B - total 41 rooms
Ground Floor – 21 rooms
1st Floor – 20 rooms


BUILDING C
Semi-basement
Parking spaces, storages,
biological station, minimarket
Ground Floor
Swimming pool, jacuzzi, sauna,
WC’s and men and women
changing room
Mezzanine
Two workout areas, office,
massage room

EXTERNALLY
Common swimming pool
Children's swimming pool
Bar
Parking Spaces
Elevators in all buildings

There is also the option to purchase 2 football fields, total 15720 sqm, just a short drive from the hotel (approx. 800 meters) and offer additional opportunity for outdoor training premises. Price €500,000 Euros

PLANNING ZONE DETAILS
Field 1: Planning Zone Z1 Building Density 6% Coverage 6% Max Floors 2 8,30m
Field 2: Planning Zone H4 (69%) Building Density 40% Coverage 25% Floors 2 8,30m
Field 2: Planning Zone Z1 (31%) Building Density 6% Coverage 6% Floors 2 8,30m

HOTEL €4,800,000

FIELDS €500,000

TOTAL INVESTMENT €5,300,000

Buycyprus LTD is a Licensed and Registered Estate Agent, registration number with the Cyprus Real Estate Agents Association 1014 and the license number 477/E 

With over 20 years experience both here in Cyprus and UK, Buy Cyprus offer you the expertise you deserve.
We pride ourselves on customer satisfaction with both buyers and sellers benefiting from our expert knowledge in the Cyprus Real Estate Market. We will give you impartial, unbiased advice and provide you with honest accurate property information.
1 Conference Room
1 Reception
Air Conditioning
Balcony
Basement
Central Heating
Furnished
Indoor Pool
Pool Changing Room
Private swimming pool
Sauna
Shower
Suitable for Investment Program
Suitable for Residency Program
Title Deeds Available
Water pressure system

HAVE ANY QUESTIONS OR WANT TO ARRANGE A VIEWING?

PROPERTY INQUIRY

TRANSFER FEES & STAMP DUTY

€198,108
IF BUYING AS AN INDIVIDUAL
( €188,600 Transfer Fees + €9,508 Stamp Duty )
€194,708
IF BUYING ON JOINT NAMES
( €185,200 Transfer Fees + €9,508 Stamp Duty )
Please note that the above calculations are an indication of your tax liability when buying a property in Cyprus for €4,800,000. The Cyprus Land Registry calculations may based on thier own property valuation price not reported sale price and therefore fees might differ to what is shown above.
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