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3-Star Hotel & Resort 3* Hotel & Sports Resort in Episkopi, Limassol INVESTMENT INCENTIVES A Win-Win 365-day-a-year investment plan! Located in a relaxed, small town and surrounded by a beautiful and tranquil landscape overlooking the glistening waters of the Mediterranean sea and the ancient ruins of Kourion, the properties on offer provide the perferct environment for visitors. Tourists have the opportunity to enjoy a relaxing holiday and the vibrant character of the nearby bustling cities of Limassol and Paphos, especially during the spring-autumn peak season. Moreover, athletes can experience the perfect training facilities and conditions during the autumn-spring season thanks to the island's short and mild winters as well as 320 days of sunshine every year! A yet unexploited sector in the Cypriot market, this recommended combined venture of tourism & sport, is already set up as a business and waiting for new management to take it into the new decade. Additionally, with the promising numbers of tourist increase reaching 5 million in the coming years and the support of the Cyprus Government in rebranding Cyprus as a quality Fly, Cruise & Stay destination, cruise companies also eyeing the Eastern part of the Mediterranean as an investment opportunity. The aim is to revive the Cyprus-Greece ferry link exchange and enter into new Sea/Air tourist markets of neighboring countries such as Israel and Lebanon along with France, Belgium, Holland and Scandinavian countries targeting not only nationalities but specific groups. ASKING PRICE €5,300,000 The Fields Ref. No.: PR15222 The Hotel Ref. No.: PR15227 THE PROPERTY The Hotel at a glance The hotel & sports center is located in an attractive location in Episkopi Community in Limassol District, at a distance of 375 meters (approx.) south of the Limassol - Paphos motorway and 1,1 km (approx.) north-west of the original core of the Community. The property is ideally situated close to an abundance of amenities and services such as supermarkets, cafes, restaurants, banks etc. It has excellent accessibility to the motorway, the Ancient Kourion site and the beautiful beach of Kourion. The 2 football fields are but a short drive from the hotel (approx. 800 meters) and offer additional opportunity for outdoor training premises. The hotel & sports center was constructed around 1997 and it comprises of 100 rooms in three buildings: Building A: Consists of a basement, ground floor and three upper floors with a total of 59 rooms. Building B: Consists of ground and 1st floor, with a total of 41 rooms. Building C: Sports center, consists of a basement carpark, ground floor and mezzanine sports-related facilities. The property might be suitable for hotel and sports resort or boarding / special needs school or even a retirement home. ASKING PRICE €4,800,000 BUILDING A 4.085m2 BUILDING C 820m2 BUILDING B 1.585m2 The Hotel Ref. No.: PR15227 THE FACILITIES BUILDING A - total 59 rooms BUILDING B - total 41 rooms EXTERNALLY Basement Ground Floor – 21 rooms Common swimming pool Reception/waiting area, multiuse area, 1st Floor – 20 rooms Children's swimming pool EAC room, gym, boiler room, storages, Bar WC’s, sauna, 2 jacuzzi, hair saloon, BUILDING C Parking Spaces auxiliary space Semi-basement Ground Floor Parking spaces, storages, Elevators in all buildings Reception, managers office, 2 offices, biological station, minimarket call center, TV room, shop, waiting area, Ground Floor luggage area, auxiliary space, bar, Swimming pool, jacuzzi, sauna, lobby, staff changing rooms, kitchen, WC’s and men and women 2 fridges, 5 storages, restaurant changing room Ground Floor – 7 rooms Mezzanine 1st Floor – 17 rooms Two workout areas, office, 2nd Floor – 18 rooms massage room 3rd Floor – 17 rooms CADASTRAL DETAILS REG. NO. PROPERTY TYPE SHEET/ PLAN PARCEL NO. BLOCK SHARE AREA (SQ. M) 0/8620 Hotel/Sports Center 53/60 335 0 1/1 6915 PLANNING ZONE DETAILS REG. NO. PLANNING ZONE BUILDING DENSITY COVERAGE COEFF. MAX FLOORS AREA (SQ. M) 0/8620 H3 60% 35% 2 8,30m HOTEL BUILDING DETAILS BUILDING INTERNAL SPACES m2 MEZZANINE m2 BASEMENT m2 A 4085 - 733 B 1585 - - C 820 260 712 335 Total 6490 260 1445 ASKING PRICE €500,000 6.689m2 9.031m2 The Fields Ref. No.: PR15222 THE PROPERTY CADASTRAL DETAILS REG. NO. PROPERTY TYPE SHEET/ PLAN PARCEL NO. BLOCK SHARE AREA (SQ. M) The football fields are 0/6486 Field 53/61 486 0 1/1 6689 located at a distance of 0/7834 Field 53/61 489 0 1/1 9031 800 meters (approx.) south of the Limassol - Paphos PLANNING ZONE DETAILS motorway and 760 meters (approx.) north-east of the REG. NO. PLANNING ZONE BUILDING DENSITY COVERAGE COEFF. MAX FLOORS AREA (SQ. M) original core of the 0/6486 Z1 6% 6% 2 8,30m Community. H4 (69%) 40% 25% 2 8,30m 0/7834 Z1 (31%) 6% 6% 2 8,30m They have an almost rectangular shape and a level surface. They abut onto a public road along their western boundary with a frontage of 165 meters 486 (approx.). The fields are used as a football pitch. 489 HOTEL/ LIMASSOL/PAPHOS THE HOTEL LIMASSOL MOTORWAY FOOTBALL MARINA SPORTS FIELDS FIELD RESORT FOR ON OFFER FOR SALE SALE LIMASSOL/ PAPHOS MOTORWAY ANCIENT KOURION KOURION SITE BEACH & MUSEUM ANCIENT KOURION KOURION BEACH KYRENIA THE HOTEL MORPHOU FAMAGUSTA NICOSIA LARNAKA LIMASSOL DISTRICT PAFOS EPISKOPI CITY OF LIMASSOL LIMASSOL/ AERIAL MAP OF EPISKOPI PAPHOS MOTORWAY & PROPERTIES FOR SALE HOTEL/ SPORTS RESORT FIELDS FOR SALE FOR SALE EPISKOPI ORIGINAL CORE BEACH 10 mins drive KOURION ANCIENT BEACH KOURION SITE & MUSEUM KOLOSSI CASTLE CURIUM EQUESTRIAN CENTER PAPHOS LARNACA AIRPORT 41 KM AIRPORT 80 KM 20 mins drive 55 mins drive INVEST IN EPISKOPI-LIMASSOL Invest in a unique Tourist & Sporting destination Episkopi, in the Limassol District, is a modern village community/town with all that one could need such as medical services, banks, educational institutions, guest accommodation, archaeological sites and museum, tourist attractions, restaurants, supermarkets, entertainment and sports centers, cinema etc. Awarded the Blue Flag, Episkopi has one of the most beautiful beaches of the island, quiet and unspoiled, suitable for a day at the beach, windsurfing and kite surfing. Trekking along nature trails, bird-watching, rock climbing and the pursuit of multiple other outdoor activities are few of the perks the surrounding landscape and perfect year-round weather conditions allow. Minutes away from the vibrant cities of Limassol and Paphos and proximity to airports and the Limassol Port, it offers all that a 365-day-a-year vacation retreat and sports centre requires to ensure success and longevity. Today, Limassol District is one of the most exciting investment destinations in Europe and the Middle East. INVEST IN EPISKOPI-LIMASSOL Limassol City, the ‘Jewel’ next door Close-by, the city of Limassol has transformed itself into an international hub for quality living and business opportunity and is today most recognized for its landmark skyscrapers, its vast coastline as well as historical and archeological sites. In 2019, the city was ranked among the 100 best cities to live in by Mercer’s Quality of Living ranking. With residence, entertainment and business projects gravitating towards the shoreline, Limassol’s coastline becomes the most sought-after investment focal point in Cyprus, promising a future filled with opportunity and enrichment. Backbone infrastructure projects like the new Limassol Marina, the DP World Limassol Terminal, upgrading of the old port, My Mall Limassol, the imminent Greens Golf Resort and most importantly, Europe’s largest integrated Casino- Resort, aim to further enhance the tourist, investment and business landscape and increase tourist arrivals from the high-end markets as well as investment opportunities. Tourism Stats 2019 had the highest volume of tourist arrivals, welcoming a record 3.93 million tourists thereby, exceeding the total arrivals ever recorded in Cyprus over the course of a year General increase in arrivals by 60% since 2013 Record Breaking Year for Cypriot Airports with 11.3 million passengers arriving at Larnaca and Paphos airports (Data published by Ermes) Arrivals in winter months on the increase 2019 2018 January 423, 164 388, 918 February 411, 503 386, 842 December 517, 441 465, 348 Data published by CyStat ALTAMIRA REAL ESTATE Altamira is the leading European firm in the Real Estate Sector with activities in Spain, Portugal, Greece and Cyprus. As experts in managing and developing investments, we offer great opportunities adjusted to your specific needs. We manage more than 140 billion worth of financial and real estate assets and provide services such as Debt Recovery, Evaluation & Development, Management & Maintenance and a National and International Marketing & Sales Network, meeting the needs of all types of potential customers who are interested in investing in real estate in Cyprus. With specialized teams in all areas of Real Estate Management, Sales and Technology, Altamira Real Estate's state-of-the art management platform and data analysis tools offer a unique online navigation experience. Altamira Real Estate offers a wide range of properties across Cyprus. Managing a portfolio of over 3,500 properties, we are confident that we can accommodate your needs and help you find the house, apartment, land or business opportunity that you are looking for. Ref. No. for Hotel: PR15227 Ref. No. for Fields: PR15222 Altamira Asset Management (Cyprus) Ltd 1 Megalou Alexandrou, Latsia 2235, Nicosia. T +357 22 696500 [email protected] CYPRUSWIDE 8000 8200 www.altamirarealestate.com.cy DISCLAIMER This preliminary information document has been prepared by Altamira Asset Management (Cyprus) Ltd (“Altamira”) and is being made available to a limited number of recipients and their advisers for the sole purpose of assisting them to decide whether they wish to receive further information about the assets referred to herein.
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