Good ideas for turn-key business buys in Cyprus?

[Andy Papas]

Hey mate retirement villages are the going thing in OZ. Cyprus with its retirees must sure make it a good business.

[Veronica]

Originally Posted by Andy Papas

Hey mate retirement villages are the going thing in OZ. Cyprus with its retirees must sure make it a good business.

There are already at least 2 retirement villages planned for the Paphos area.
The outlay for such a development is huge and the ones I know of will have extensive facilites for recreation and also healthcare facilites.
It is not a venture that anyone who dosnt have a very large bank balance or good backing should consider.

Veronica

[Andy Papas]

Originally Posted by Veronica

There are already at least 2 retirement villages planned for the Paphos area.
The outlay for such a development is huge and the ones I know of will have extensive facilites for recreation and also healthcare facilites.
It is not a venture that anyone who dosnt have a very large bank balance or good backing should consider.

Veronica

Thank you Veronica,

We live in the year 2009, obviously I didnt mean tents and portable toilets. But as Mr. Beach lover mentioned he does have the right contacts and investors.

So start thinking and use your real estate knowledge by finding an appropriate vacant land and also do some home work on wheter the Cypriot government or even the local govt gives grants for such facilities.

Such facilities can also be sponsored by various clubs.

We live in an era where the population is getting older and not younger, the government knows that and have grants in place for such projects.

Also, as for recreation all you need is some quiet spot that hasnt been spoiled as yet. No basketball, or soccer fields are required. We are talking about seniors - not kids.

For medical facilities the hospital is within 15 mins from anywhere in Paphos, obviuously a trained nurse will always be on the premises.

Furthermore, the kind of people the planned villages you are talking about will probably be to expensive for the average person.

[Veronica]

Originally Posted by Andy Papas

Thank you Veronica,

We live in the year 2009, obviously I didnt mean tents and portable toilets. But as Mr. Beach lover mentioned he does have the right contacts and investors.

So start thinking and use your real estate knowledge by finding an appropriate vacant land and also do some home work on wheter the Cypriot government or even the local govt gives grants for such facilities.

Such facilities can also be sponsored by various clubs.

We live in an era where the population is getting older and not younger, the government knows that and have grants in place for such projects.

Also, as for recreation all you need is some quiet spot that hasnt been spoiled as yet. No basketball, or soccer fields are required. We are talking about seniors - not kids.

For medical facilities the hospital is within 15 mins from anywhere in Paphos, obviuously a trained nurse will always be on the premises.

Furthermore, the kind of people the planned villages you are talking about will probably be to expensive for the average person.

You say you are originally from Aus and living in Aus.
Are you now living in Cyprus or still in Aus?

For one thing I will not use this forum to tout for business, I simply give advice and my opinion as I see it and my observations were that as there are at least 2 retirement villages already in the planning stages there probably isnt the call for another one at the moment.
Bear in mind that the wheels of governnment grind exceedingly slowly in Cyprus so planning consent would take a long time to come and even if Beachlover has the wherewithal or the backing for such a venture it would be many years before he would be likely to recoup a single penny.
In my opinion it would not be a viable option.

Veronica

[BeachLover]

Originally Posted by Veronica

You say you are originally from Aus and living in Aus.
Are you now living in Cyprus or still in Aus?

For one thing I will not use this forum to tout for business, I simply give advice and my opinion as I see it and my observations were that as there are at least 2 retirement villages already in the planning stages there probably isnt the call for another one at the moment.
Bear in mind that the wheels of governnment grind exceedingly slowly in Cyprus so planning consent would take a long time to come and even if Beachlover has the wherewithal or the backing for such a venture it would be many years before he would be likely to recoup a single penny.
In my opinion it would not be a viable option.

Veronica

Thank you both for your input, I don't think there is any need for hostility.

You both make good points, perhaps there is an opporunity with this but I think it would be extremely costly. More interesting would perhaps be a 10-12 apartment complex that you can rent out to people including retirees for longer stays without all the frills an costs. I have found some suitable places. Mr. Papos I will contact you to here what you have in mind.

Were all here to make a bit of money, no other reason, so let's just keep that in mind.

[atw26]

the ecotourism idea brought the dog-friendly hotel idea to mind. Apparently, there isn't a pet friendly hotel on the island. Truthfully, I find this difficult to believe as I thought for sure there was one in Paphos and then on another pet-friendly website I thought I saw one in Larnaca listed but I digress. My friend was bemoaning this fact as every time she wants to get away she has to find someone to take care of it.

Another type of hotel that seems to be lacking is the low-cost one for the independent traveller. Paphos has a couple of hostels, Limassol has a guesthouse, Larnaca used to have a hostel but not sure what the status is on that, and Nicosia has a hostel and some apparently dodgy cheaper accommodation.

To add to the bike idea, the Cyprus Tourism Organisation is definitely working on and promoting their Cycling Routes. They have a nice brochure listing them I believe and I've seen pergolas they're using as rest points and seemingly too-narrow cycling lanes in the mountains. Along this vein, this Cyprus Mail article may interest you: http://bit.ly/o2cDG