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Tourist complex in Polis Chrysochous, Paphos

Ref No: 8477

€ 4,000,000 (-11.11%) € 4,500,000

Description

The property is an 84% share in a tourist complex named 'Nicki Holiday Resort' in Polis Chrysochous. It is located in the outskirts of the municipality, 1,5km from Latchi harbour and 1km from the center of Polis Chrysochous. Polis Municipal beach is also within short distance.

The whole complex comprises 10 blocks of entirely furnished apartments (a total of 125 units) and communal spaces (2 swimming pools, a tennis /basketball / mini-football court and a children's playground).

Gordian owns 1675/1992 share (84%) of the whole project which corresponds to 97 studio apartments, a restaurant, 2 commercial spaces (shops) and a lounge/reception area.

The property operates as hotel - holiday home apartments. It is an ideal opportunity for investment with potential high rental income.

The Energy Performance Categories of Blocks 100-300 is Energy Class ‘’F’’, of Block 400 is Energy Class ‘’E’’, of Blocks 500-900 is Energy Class ‘’G’’ and of Block 1000 is Energy Class ‘’D’’.

Owner: Belusen Limited (Gordian SPV)

Main Features

97 Rooms
97 Baths
27
Occupancy Status
Vacant
Status
For sale

Other Features

Land Registry

District
Paphos
Community
Polis Chrysochous Municipality
Quarter
Polis Chrysochous
Reg. No.
0/11020
Sheet/Plan
26/50
Parcel
206
Zone
T3Δ3

Areas

Covered Area
5,395 m2
Total area
5,568 m2
Land area
11,260 m2
Covered verandas
173 m2

Further Features

Rooms
97
Baths
97
Year of construction
2001

Town Planning

Town planning zone
Tourist
Building density
30 %
Coverage ratio
20 %
Max floors
2
Max height
10 m
Shared
Yes
Ownership Share
84 %

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation, and is currently owned by a subsidiary company. Depending on whether the transfer of the asset may take place via the transfer and/or sale of the subsidiary company’s shares, VAT may be applicable. We recommend that you seek independent advice regarding any applicable property transfer fees and/or VAT. The above sale price does not include transfer fees and/or VAT and if such are applicable, these will be paid by the buyer over and above to the sale price, as applicable.

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Sales Consultant

Valerios Tsakalidis

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77 77 56 56

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