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Hotel
Pedoulas, Nicosia

€5,000,000  ($5,782,727)

FIRST CLASS HOMES

FIRST CLASS HOMES

Reg. No: 1256 | Lic. No: 258/E

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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 $202,395

Average Bank Rate (€5,000,000)
1 USD = 0.8354 EUR
$5,985,122

Mid-market rate (€5,000,000)
1 USD = 0.8646 EUR
$5,782,727

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: 1682941 (51528)
  • Plot: 5839 sqm
  • none

Description

The hotel is set in a secluded, lush and tranquil pine forest 3 km from Prodromos and Pedhoulas at an altitude of 1300m above sea level and 10 minutes from the Mount Olympus ski slopes. Formerly the hotel operated as a three-star hotel.Plot area: 5839 sq.m.Main building (2,454m2)   50 guest bedrooms, Lounge, Bar, Card Room, TV room, Restaurant, Kitchen, Gym, Storage areas, plant room. Ancillary Buildings (124m2)  An electricity sub-station  Grounds and gardens Orchard, gardens, terrace, pool area  Possible UsesBoutique hotel  Spa resort  Rehabilitation centre  Apartment units  Single accommodation unit Road Access:  Main road to the driveway Electricity supply:  Phase / standby generator recommended for emergency useWater supply: Connected to community water supply system ;3 days reserve supply tank by gravity Wastewater: Wastewater treatment plant will be required LPG / Diesel:  Not Available / Delivered on request / LP Gas and Fuel Oil / Storage for 7 - 14 daysDistance: Limassol: 60km (1:15hrs) Nicosia: 79km (1:20hrs)Building’s Current condition Structural: Very goodElectrical: Requires full refurbishmentMechanical: Requires moderate refurbishment. ·         Replacement of boiler / heating system required·         Plumbing minor refurbishmentDecoration:        Moderate – Major RefurbishmentFinishes:              Full renovation requiredManagement ·         The Group’s Hotel Management Company offers a full property and hospitality management package for the management and operation of the property as a hotel or similar venture for an appropriate fee to be agreed.

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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€196,600 ($227,377)
If buying on joint names
€193,200 ($223,445)

Disclaimer - Property reference 1682941. 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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