№ 2,390,139

Hotel for Sale in Polis

4,500,000 €
808 € /m²
  • Room stock
  • Yield
  • Constructed  2001
  • Price per key
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    Key project parameters
    Total area
    5,568 m²
    Land area
    11,260 m²
    Constructed 
    2001
    Project description

    The property is an 84% share of a tourist complex named in Polis Chrysochous. It is located in the outskirts of the municipality, 1,5km from Latsi harbour and 1km from the center of Polis Chrysochous. Polis Municipal beach is also within walking distance. The property abuts Akamantos Avenue, which is the main coastal road of Polis with a frontage of 175m.

    The complex comprises 10 blocks of entirely furnished apartments (a total of 125 units), two restaurants, two shops, a lounge area, a tennis court, a children's playground, two outdoor swimming pools, and auxiliary space in the basement.

    For sale are offered 84% share of the whole project which corresponds to 97 apartments, two restaurants, two shops, a lounge area, restaurant auxiliary spaces, a children's playground and share of the communal areas.

    The complex was built in two phases; blocks 100-300 were built in 1990 and the rest of the blocks in 2001. Block 800 has been sold, along with the 11 apartments from blocks 200, 500, and 600.

    The property can be operated as hotel apartments. It is an ideal opportunity for investment with potential high rental income.

    The energy efficiency category of Blocks 100-300 is “F”. The corresponding category of Block 400 is “E”, of Blocks 500-900 is “G” and of Block 1000 is “D”.

    Tenants
    Agreement
    n/a
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    annual yield
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    exit period
    3 years
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    We can take over the management of your property or recommend a suitable management company

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    We will arrange a visit to the site to view one or more projects

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    At the investor's request, we can arrange a remote purchase with the least possible visits to the country

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      Anna Vorobyeva
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      Head of Commercial Property Department
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      Mikhail Reyderman
      Mikhail Reyderman
      Commercial Real Estate Expert

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