Apartments in a boutique hotel on the territory of the resort
€840,000 — €990,000
109 m² • €7,706.42+ m²Cyprus Permanent Residence
€300,000+9+ monthsProperty is eligible for Cyprus Permanent Residence by Investment Program
Learn moreCost
Property cost
€840,000 — €990,000
Price for m²
€7,706.42 — €8,319.33
Purchase taxes
5, 19% VAT
State fees
0,2%
Registration cost
1%
Distances
Yield and management
Yield
3%
Property management
Yes
Description
For sale are presented 2-bedroom apartments of a boutique hotel on the territory of a resort complex in Paphos. The apartments are a unique concept where guests can enjoy living and relaxing in nature in spacious 2-bedroom suites, gaining new unforgettable experiences with first-class service and amenities of a luxury boutique hotel.
The infrastructure of the resort includes:
- the central square of the resort with a lounge restaurant, grill bar, ice cream shop, food corner, wine boutique, etc.
- a ground-breaking 2,700 sq. m. spa and wellness center with a philosophy of rejuvenation and regeneration of the body using local herbs and herbal medicine
- 25 meter heated swimming pool
- yoga studio
- 8 treatment rooms
- gym
- sports ground with 6 tennis courts and a mini-football field
- paths for regular and mountain bikes
- horseback riding
- playground
The project is an excellent investment option that will generate a high level of stable passive income. Investing in a resort is a safe investment opportunity to acquire profitable assets, since the property is accompanied by a wide range of first-class infrastructure, and the higher its quality, the higher the likelihood of a successful rental property. All operational activities will be carried out by a specialized company, which will completely remove from project investors all the worries associated with owning real estate and generating rental income.
Key benefits include:
- guaranteed rental income 3% for 3 years
- within a 10-year period, the property will be furnished, acting as a 5-star boutique hotel, which will be managed by a
- specialized company, which will not entail any additional costs for property ownership, covering all maintenance and operation costs
- in accordance with the law adopted in 2019, the purchase of real estate for investment purposes in an integrated resort, including a hotel complex, entitles a full refund of 19% VAT
- the opportunity to spend 14 days a year in the resort complex
- the property value is expected to increase by approximately 3% per year, as the project has received numerous international awards as a world-class resort with first-class infrastructure
Real estate
Object type
Hotel complex, Apartments, Duplex
Object category
New
Object stage
Construction
Permits
Yes
Object completion date
October - December 2024
Design features
Ownership
Possibility of stay
2 weeks per year
Characteristics
Total area
109 m² — 119 m²
Number of storeys
2
Bedrooms
2
Baths
2
Parking
No
Renovation
Standard
View
Garden
Equipment
Properties
Location
Paphos: Similar offers
Cyprus: best offers
Other offers
Let's discuss the details
Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
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