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Hotel for sale in Nicosia Walled Old City, Nicosia

Nicosia Walled Old City, Nicosia, Cyprus
Hotel for sale in Nicosia Walled Old City, Nicosia 174 Nicosia Walled Old City
Offers in the region of
1200000 €1,200,000  ($1,294,693)
Hotel
Nicosia Walled Old City, Nicosia
Offers in the region of

€1,200,000  ($1,294,693)

SOLD
Bank Owned Property

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $45,314

Average Bank Rate (€1,200,000)
1 USD = 0.8955 EUR
$1,340,007

Mid-market rate (€1,200,000)
1 USD = 0.9269 EUR
$1,294,693

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 880653 (6672)
  • Bedrooms: 10
  • Total covered area: 1090 sqm
  • Plot: 438 sqm

Description

The asset is a hotel known as “RIMI Hotel” in Trypiotis quarter, Nicosia Municipality. It is located on the corner of Solonos street and Aristokyprou street, 150m from the revamped Eleftherias Square and 70m from Ledras street. It is adjacent to a pedestrian street (Laiki Geitonia) along its eastern border. The hotel was renovated in 2000 and consists of a ground floor, a basement, and three floors. The ground floor consists of a reception area, living area, restaurant, bar, kitchen, office, and an inner courtyard which is converted into storage. It has a total of 26 bedrooms over two floors. Laiki Geitonia is a traditional pedestrian neighbourhood inside the city walls and one of the most touristic areas in Cyprus with restaurants, bars, cafes retail stores and hotels. The asset may be eligible for the new government incentives for the rejuvenation of the interior of the walls in Nicosia. Owner: TUIREANN LTD (Gordian SPV)

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Buying expenses

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.

Stamp Duties
If buying as an individual
€2,308 ($2,490)
If buying on joint names
€2,308 ($2,490)
Transfer fees
If buying as an individual
€44,600 ($48,119)
If buying on joint names
€41,200 ($44,451)

Disclaimer - Property reference 880653. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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