Prime Beachfront Hotel on Paros.

Situated on a sandy beachfront in the heart of the Cyclades Islands, this prime property is a unique investment opportunity. The location is unbeatable, private yet just 200 meters from the main square of Naousa, directly facing the picturesque new Marina in Naousa Port and steps from shopping, browsing, traditional restaurants, pubs and clubs. By the end of 2006, renovations will begin at the airport of Paros, expanding it to allow for larger aircraft. This and the recently completed marina are major projects on this already favored spot, where all ferries stop before going to the other Cycladic Islands, and will have a tremendous impact on tourism and property values.

The main section is 2800 square meters. All buildings are in mint condition with insulated walls and ceilings, marble floors and wood ceilings. The main building consists of 31 guest rooms, 4 staff rooms and a mangers 2 room studio. All rooms are air conditioned with TV, fridge, telephone and 3 channel music. Parking and laundry are provided and there are ample lounging areas with spectacular sea and port views. There is a large swimming pool, an indoor restaurant/bar and a beach front and pool side restaurant. The reception area has a fireplace, satellite plasma TV, a computer area for guests, and a built in barbecue. Access is from the beach and 2 roads.

Presently an established business with an excellent reputation, there is great potential for expansion. This is a sale of real property and includes the business, land, and buildings. There is no deferred maintenance. The property and business are legally free and clear to operate and there is no debt.

FEATURES:

ACCESS FROM BEACH-PARKING & 2 ROADS

FIRST FULL SEASON OPEN 1995 A-I CONDITION

AVAILABILITY FOR 400+ sqm BUILDING AREA

LOCATED ON SANDY BEACH FRONT-PIPERI BEACH

200m FROM THE MAIN SQUARE OF NAOUSA CLOSE TO ALL CONVENIENCES

BUILT WITH A-1 CARE-ALL INSULATED WALLS AND CEILINGS
MARBLE FLOORS
WOOD CEILINGS.

ALL SEWER CONNECTED

FRESH WATER WELL.

CONSISTS OF 31+ 5 ROOMS
RESTAURANT/BAR
4 STAFF ROOMS & MANGERS 2 ROOM STUDIO

PARKING-LAUNDRY ROOM-2 STORAGE ROOMS
BOILER ROOM-AMPLE LOUNGING AREA

GREAT SEA & NAOUSA PORT VIEWS

ALL ROOMS ARE AIR CONDITIONED-TV-FRIDGE-TEL-3 CHANNEL MUSIC

7---2 ROOM STUDIOS WITH KITCHENETTE-SLEEP 4
VERANDAH/POOL & SEA VIEWS

2---1 LARGE ROOM STUDIOS WITH KITCHENETTE-SLEEP 4
VERANDAH/POOL & SEA VIEW

8---TRIPLE ROOMS STUDIOS WITH KITCHENETTE-SLEEP 3
VERANDAH/POOL SEA VIEW

4-----DOUBLE STUDIO ROOMS WITH KITCHENETTE-SLEEP 2 VERANDAH /POOL SEA VIEW

5-----DOUBLE ROOMS-SLEEP 2
VERANDAH /POOL SEA VIEW

3 DOUBLE ROOMS-NO VIEW

3---ROOMS FOR STAFF- 2 WITH KITCHENETTE (SLEEP 6)

1---LARGE STUDIO ROOM FOR PRIVATE ACCOMMODATION

1---2 ROOM STUDIO FOR PRIVATE ACCOMMODATION

LARGE INGROUND SWIMMING POOL/17m LONG
CULLIGAN
WALK AROUND/LOUNG AREA

LAUNDRY ROOM 3 WASHERS/ DRYER/ 2 PRESSERS

LARGE STORAGE ROOM

LINEN ROOM

HOT WATER TANK/BOILER ROOM

WATER SOFTENING TANK

EMERGENCY WATER HOLDING TANK WITH PRESSURE PUMP 30cm

LARGE GAS HOLDING TANK-CONNECTING TO KITCHEN & LAUNDRY ROOM

GUEST SELF SERVICE LAUNDRY

INDOOR RESTAURANT/BAR-BEACH FRONT AND POOL AREA RESTAURANT

RECEPTION DESK

RECEPTION AREA WITH FIREPLACE AND SATELLITE PLASMA TELEVISION

COMPUTER CORNER FOR GUEST USE

BUILT IN TRADITIONAL BARBECUE WITH MARBLE COUNTER AREA

AMPLE LOUNGING AREA

ONE GARAGE WITH STORAGE ROOM

OUTDOOR PARKING AREA

NOTE: TWO OTHER ADJACENT PARCELS AVAILABLE FOR SALE SEPARATE OR TOGETHER. Price Negotiable.