Building Investment: Hotel Apartments-Sh

Building Investment: Hotel Apartments-Shop
The Building consists of:
20: one bedroom Apartments
1: Ground Floor Shop – 132 m2 (empty now, but previously rented out for 1000 euro p/m)
8 Covered parking spaces
Room for a swimming pool at the back (the building use to have a pool but the owner wished to demolish it.
There is a company name on the title deeds, the company can be transferred to the new owner. (Saving money on the sale/transfer of the building)
The current owner rents out the rooms for short and long term periods.
Short term:    Low/winter season €30 per night
High/summer season €67 per night
Long term:    €450 per month
The building is well maintained on the outside but could benefit with changing furnisher and other items in the rooms.
With a good business plan set and in action combined with the location of these Hotel apartments in Larnaka town and the demand this current period, this truly is an attractive investment opportunity.
For additional information please do not hesitate to contact us.