Skip to content
Buy
Property for sale New homes for sale Property valuation Agent valuation Investors Mortgages
Rent
Property to rent Student property to rent
House Prices
Sold house prices Property valuation Agent valuation Instant online valuation
Mortgages
Get started Get a Mortgage in Principle Check your affordability Remortgage Calculator Mortgage guides
Find Agent
Find estate agent
Commercial
Commercial property to rent Commercial property for sale Advertise commercial property
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Mortgage guides Overseas blog Country guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell overseas property
Photo 1
11
COMMERCIAL

Paphos, Tombs Of The Kings, Cyprus

£11,456,100
€13,500,000
SLV Estates UK, Limassol
PROPERTY TYPE

Commercial Property

BEDROOMS

122

SIZE

Ask agent

Key features

  • Bathrooms: 122
  • Bedrooms: 122
  • Covered Parking
  • En Suite
  • For Discussion
  • Kitchen
  • Living/ Dining Area
  • Uncovered Parking
  • W/C: 122

Description

Famous & Iconic 3-Star Hotel Investment Opportunity with Renovation Upside Located in Tombs of the Kings, Paphos

Tombs of the Kings is an established tourist district in Kato Paphos, positioned close to the coastline and the area's archaeological attractions. The wider Paphos area offers a year-round mix of tourism, dining, leisure and cultural amenities.

Status - Existing Hotel
VAT - Unspecified

Property Features:
Hotel Category - 3-Star
Rooms - 122
Land Area - 4,494 m²
Upgrade Path - Opportunity to Upgrade to 4-Star

Projections:
Renovation Qoute: €5,000,000
Total Combined Investment: €18,500,000
Total Target Value After Renovation: €2,600,000
Combined Forecasted Revenue (Stabilized Year): Approx. €5,901,320
Income Restaurants Bars: €400,000
Combined Operating Costs: €2,000,000
Combined Annual EBITDA: €4,301,320
Combined ROI: 23%, Payback: 4 years

Hotel Features:
The source identifies an opportunity to reposition the property as a 4-star hotel through renovation. With 122 rooms on a 4,494 m² plot, the property provides an established accommodation base for a refurbishment-led strategy.

This hotel offers an opportunity to acquire an established hospitality asset in Kato Paphos with potential for renovation and an upgraded 4-star positioning.

Paphos, Tombs Of The Kings, Cyprus

Approximate location
Open mapStreet View

NEAREST AIRPORTS

Distances are straight line measurements
  • Pafos(International)
    5.9 miles
  • Ercan(Local)
    66.4 miles
  • Larnaka(International)
    69.5 miles

Advice on buying Cypriot property

Learn everything you need to know to successfully find and buy a property in Cyprus.

About SLV Estates UK, Limassol

8 Mesogi Avenue, Mesogi, Paphos, 8280

Welcome to SUNSHINE LUXURY VILLAS LTD, one of the leading Property agents in Cyprus for over 15 years. We have offices in the UK and Cyprus.

Our Company was founded in 1999 by Paul Hann and since then we been involved in selling properties around the whole island of Cyprus and the company has grown from strength to strength. We have also built several projects on the island so our experience is multi faceted.

Sunshine Luxury Villa’s energetic and innovative team run by the owner’s, a husband and wife team, quickly earned a reputation for giving both our clients and our sellers a ‘second to none’ service in the purchase or selling of their property. It is our policy to always ‘go the extra mile’ for our customers.

We know that your home, villa or apartment is a valuable possession whether it be for investment, relocation or holiday home. We also understand that, whether you have a budget of 50 thousand or 25 million, you deserve the same personal service.

Sunshine Luxury Villas have an exceptional portfolio of properties for sale, having sought out some of the best value homes on the market in Cyprus today.

We will find your perfect property and we guarantee a good old fashioned service.

Choose Sunshine Luxury Villas Ltd for your next property purchase: We use a network of like minded professional Property Agents around Cyprus so we can do all the ground work for you in providing viewings with one company.

1. You will receive a level of personal service that is second to none. From your initial enquiry with Sunshine Luxury Villas you will be contacted by Cheryl Hann, our Operations Director, then Scott Toulson the Sales and marketing Director who can best assist you with your requirements.

We have lived in Cyprus for 10 years and been through the same journey in finding our family home, so feel we are the right people to advise you on property purchase throughout the whole Island of Cyprus and help you every step of the way.

2. Sunshine Luxury Villas select the best properties on the market at realistic or below market value prices.

3. We have a large number of properties on the market, if you cannot see the property you are looking for we can find it, as we partner with several other excellent agents and share stock

4. Sunshine Luxury Villas can offer you a choice of excellent lawyers that our clients have used for many years, to ensure your property purchase goes smoothly

5. As well as your property purchase we can help with any questions whether they are to do with relocating to Cyprus, schools, flying over dogs, furniture, assisting in organising transferring money at competitive exchange rate.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by SLV Estates UK, Limassol (reference JOTOK3SHOTSLV) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

Email agent

Email agent