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+ 357 99 300 838

info@abcpropertiescyprus.com

Cyprus property for sale or rent

price

Aparthotel with swimming pool in Paphos №3917

Commercial property / Paphos / Kato Paphos and Universal

11 bedrooms

1 300 000 €

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+ 357 99 300 838 recall

object description

Aparthotel is superbly located in the center of Paphos within walking distance from equipped beaches, shopping centers, tourist activities, historical sights.
11 apartments of 5 types - Studio, Combi studio, Big Studio, One Bedroom, Two Bedroom

There is a bus stop opposite the entrance to the aparthotel. From there in less than an 1 hour you can reach such iconic places
as Aphrodite's Stone, Coral Bay and the Troodos Mountains.
What is also very important is that can be easily reached from the airport by public transport in just 30 minutes.
Management and automation
Aparthotel fully implements the idea of a hotel without permanent staff.
1. The cloud system Property Management Service
(PMS) fully automatically controls and distributes:
*sales of rooms through direct bookings and through booking
channels and completely eliminates overbooking;
*generates data for accounting;
* issues an order to the maids to prepare rooms, change bed
linen and routine cleaning;
* ordering food and lunch boxes at partner cafes at the
request of guests .
2. Payment for accommodation is charged remotely
from guests' credit cards through a payment
terminal.
3. Guests settle in rooms on their own using a key
holder with a digital lock.
4. Accounting and housekeeping are outsourced
Management Options and Profitability

Management method Engagement Yeld % per anum Possible monthly income €
Self management General management / Completely *8,75% 9 350,00
Manager - Employee
Operational management / Рartial 7,46% 7 970,00
Property Management Company PMC / Passive income 6,50% 6 945,00
*Achievement conditions:
- Share of direct bookings of at least 75%;
- Room occupancy of at least 80% during the season (June-September);
- Setting prices at the level of competitors in this segment and location.
Competitive Advantages
• Swimming Pool - in this segment and location is a unique advantage that is
absent from all competitors.
• Thanks to the combined use of seasonal prices and the target
consumer, loading accounts for 75% of the number of rooms on average per year.
• Higher incomes, since the implementation of the “Hotel without
personnel” idea and the high automation of business processes
significantly reduce fixed costs.
Prospects
The Government of the Republic of Cyprus since 2020 introduced a
number of changes to the tourism legislation of the country.
In particular, the conversion of basements to accommodate tourists is
now permitted. This relaxation makes possible to equip in 
an additional four double rooms.
Thus, revenue will increase by 31%, which may bring an additional up
to 33 417 Euro per year. Subject to the mentioned scenario conditions/
Management method Engagement Yeld % per anum Possible monthly income €
Self management General management/Completely **8,75% 9,350.00
Manager - Employee Operational management/Рartial 7.46% 7,970.00
Property Management Company PMC*/Passive income 6.50% 6,945.00
*Property Management Company
**Achievement conditions:
Share of direct bookings of at least
75%;
Room occupancy of at least 80%
during the peak season (June-
September);
Setting prices at the level of
competitors in this segment and
location.

Floor Type of apartment Quantity Apartment number Sleeping places Description

Studio: 2- 101,102- 2 adult 1 double bed

Combi Studio: 1- 103- 4 adult 1 Double bed + 1 Bunk bed

1 Bedroom: 1- 104- 4 adult 1 Double bed + 2 Single beds

Big Studio: 2 -202,203 -4 adult 1 Double bed + 2 Single beds

Studio: 1 -301 -2 adult 1 double bed + 1 sofabed(opt.)

1 Bedroom: 2- 302,303- 5 adult 1 Double bed + 3 Single beds

2 Bedroom: 2 -304,305- 4 adult + 2 children 1 Double bed + 2 Single beds + 1 sofa / bed


parameters

Status
resale
City
Paphos
Area
Kato Paphos and Universal
Bedrooms
11
Covered
548 м²
Plot
522 м²
Swimming pool
Air Conditioning

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