Search
Building, For Sale, Paphos, Kato Paphos
Kato Paphos, Cyprus
REF: 918301
€2,100,000
Description
Overview This is a rare opportunity to acquire both the business and the property of a renowned nightclub in the heart of Kato Paphos. Operating since 2003, this iconic venue is a cornerstone of the Paphos nightlife scene, with a solid reputation and consistent performance. What€™s Included The Business: Fully operational and successful nightclub with a long-standing brand, clientele, and all necessary licenses. The Property: Ownership of a 986 m² plot, featuring both indoor and outdoor facilities designed for year-round operation. Key Features Prime Location: Situated in the vibrant center of Kato Paphos, surrounded by luxury hotels, restaurants, and tourist attractions. Public parking lot with space for 500 cars directly across the venue. Only a 4-minute walk from the beach and with easy access to main town avenues. Facilities: Winter Club: 445 m² indoor space, accommodating up to 600 guests. Summer Club: 400 m² outdoor space, also accommodating 600 guests. Basement: 107 m² for storage and restrooms. Amenities: Advanced audio, visual, and lighting systems for high-end entertainment. Fully controlled climate and ventilation systems. Comprehensive security with CCTV and crowd control measures. Licenses and Permits The nightclub operates under full compliance with government and local authority regulations, holding all necessary licenses, including: Disco License (Club A) Liquor License Music License Operations License Business Operation Established: 2003 Trading Hours: Winter: Wednesday, Friday, and Saturday (11:00 PM - 5:00 AM). Summer: Extended schedule with the same hours. Employees: 25-30 experienced staff members. Competitive Advantage This venue€™s unique brand, exceptional location, and high-quality facilities make it a market leader in Paphos, with significant potential for future growth. Reason for Selling The current owner is selling for personal reasons, offering a turnkey opportunity for a new owner to step in and succeed. Support & Training The seller is prepared to offer support and training to ensure a smooth transition.
Overview This is a rare opportunity to acquire both the business and the property of a renowned nightclub in the heart of Kato Paphos. Operating since 2003, this iconic venue is a cornerstone of the Paphos nightlife scene, with a solid reputation and consistent performance. What€™s Included The Business: Fully operational and successful nightclub with a long-standing brand, clientele, and all necessary licenses. The Property: Ownership of a 986 m² plot, featuring both indoor and outdoor facilities designed for year-round operation. Key Features Prime Location: Situated in the vibrant center of Kato Paphos, surrounded by luxury hotels, restaurants, and tourist attractions. Public parking lot with space for 500 cars directly across the venue. Only a 4-minute walk from the beach and with easy access to main town avenues. Facilities: Winter Club: 445 m² indoor space, accommodating up to 600 guests. Summer Club: 400 m² outdoor space, also accommodating 600 guests. Basement: 107 m² for storage and restrooms. Amenities: Advanced audio, visual, and lighting systems for high-end entertainment. Fully controlled climate and ventilation systems. Comprehensive security with CCTV and crowd control measures. Licenses and Permits The nightclub operates under full compliance with government and local authority regulations, holding all necessary licenses, including: Disco License (Club A) Liquor License Music License Operations License Business Operation Established: 2003 Trading Hours: Winter: Wednesday, Friday, and Saturday (11:00 PM - 5:00 AM). Summer: Extended schedule with the same hours. Employees: 25-30 experienced staff members. Competitive Advantage This venue€™s unique brand, exceptional location, and high-quality facilities make it a market leader in Paphos, with significant potential for future growth. Reason for Selling The current owner is selling for personal reasons, offering a turnkey opportunity for a new owner to step in and succeed. Support & Training The seller is prepared to offer support and training to ensure a smooth transition.
Read More
Property on Map
Currency Exchange
Kato Paphos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,100,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €2,100,000 | £1,730,190 | £1,804,845 | £74,655 |
| Property Price € | €2,100,000 |
| Minimum cost in the last six months | £1,730,190 |
| Maximum cost in the last six months | £1,804,845 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £74,655 |
Kato Paphos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €2,100,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €2,100,000 | £1,730,190 | £1,804,845 | £74,655 |
| Property Price € | €2,100,000 |
| Minimum cost in the last six months | £1,730,190 |
| Maximum cost in the last six months | £1,804,845 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £74,655 |
The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £74,655 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
