Apartments in a boutique hotel on the territory of the resort

location icon
Cyprus, Paphos
square icon
109 m² — 119 m²
bed icon
2 Bedrooms
bathroom icon
2 Baths
info icon
ID CY61037

from €840,000

109 m² • from €7,706.42 m²
Elena Kozyrevaexpert of the Cyprus residence permit program for investment
cy-flag

Cyprus Permanent Residence

€300,000+6+ months

Property is eligible for Cyprus Permanent Residence by Investment Program

Learn more

Cost

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

Sea 15 km
Infrastructure 50 m
Airport 22 km

Yield and management

Yield

3%

Property management

Yes

We will help you sell the object if you decide to exit the investment

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 category

New

Object stage

Construction

Permits

Yes

Object completion date

Q4 2024

Design features

Ownership

Characteristics

Total area

109 m² — 119 m²

Number of storeys

2

Bedrooms

2

Baths

2

Parking

No

View

Garden

Equipment

Central conditioning

Properties

Covered deck
Open deck
Public pool
Concierge desk
SPA
Gym
Kids club
Football pitch
Tennis court
Sauna
Barbecue area
Garden on the plot
Security
Terrace
Internet
TV

Location