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Holiday apartments in Polis Chrysochous, Paphos

Ref No: 8477

€ 3,800,000 (-5%) € 4,000,000

Description

The property is an 84% share of the holiday apartments 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 project 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 apartments (28 studio, 68 one-bedroom and 1 two-bedroom), 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’’.

The property is owned by Belusen Limited, an SPV, wholly owned by Gordian Holdings Ltd.

Main Features

97 Rooms
27
Occupancy Status
Vacant
Ownership Share
84 %
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 Covered Area
5,568 m2
Land area
11,260 m2
Covered verandas
173 m2

Further Features

Rooms
97
Year of construction
2001

Town Planning

Town planning zone
Tourist
Building density
30 %
Coverage ratio
20 %
Max floors
2
Max height
10 m

Legal disclaimer

The asset was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.

Any markings, or designs on the property photos are indicative, for illustration purposes only and may differ from the actual boundaries.

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Sales Consultant

Valerios Tsakalidis

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77 77 56 56

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