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Τhe property consists of a two-star hotel and three adjacent plots in Nicosia Old Town. The plots concern two commercial plots and one residential. They have a total land area of 717sqm and are located close to Eleftheria’s and Solomou Squares. The three plots can be used as parking lots for the hotel.
The location of the property is one of the most tourist areas of Cyprus which consists of restaurants, shops, and hotels. The hotel has good external appearance, physical condition, and maintenance.
It has a land area of 777sqm. It has a total capacity of 33 rooms and consists of 4 floors (a ground floor and 3 floors above), plus 2 basement levels.
The hotel has an internal covered area of 1,340sqm, 92sqm of covered verandas, 1,243sqm of basements and 100sqm of bar situated in its southern part.
Ground Floor consists of:
✔ Reception area
✔ Lounge are
✔ Two Office Rooms
✔ A Restaurant with a Bar and Kitchen
First, Second and Third Floors consist of:
✔ 33 Guest Rooms
✔ Each floor has a room for people with disabilities
Outdoors:
✔ Swimming Pool
✔ Showers
✔ A Single Dining area with a Bar
✔ Guest and Staff toilets
✔ Storage Room
Basement 1:
✔ Gym with changing room and toilets
✔ Office
✔ Staff Room
✔ Storage Rooms
✔ E.A.C. substation
Basement 2:
✔ 20 Covered parking spaces
✔ Storage Room
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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