Description
The property consists of a two-star hotel and three adjacent plots in Nicosia Old Town (Tampakchane quarter). The plots concern two commercial plots and one residential. They have a total land area of 717sqm and are located 150m from Eleftheria’s Square and 70m from Solomou Square. The three plots can be used as parking lots for the hotel.
The hotel is known as “Royiatiko” and is located in Trypiotis area. It is situated on the corner of Apollonos Street within the walled city of Nicosia, 60m from Ledras Street. 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.
The ground floor consists of the reception area, a sitting area, 2 office rooms, a restaurant with a bar, and a kitchen. The 33 rooms are situated on the floors above. On each floor, there is a special room for persons with disabilities.
The outdoor areas consist of a guest dining area, a swimming pool, outdoor showers, a bar, and a storage area. Also, there is a separate bar which consists of a single dining area with a bar, guest and staff toilets and a storage room.
Basement level 1 consists of a gym, toilets, changing rooms, storage rooms, office, E.A.C. substation, and staff room. Basement level 2 consists of 20 covered parking spaces and a storage room.
The hotel falls within the planning zone EZ-EN.
The plot with parcel number 96 falls within the residential zone KΑ-Α.
The plot with parcel number 163 falls within the commercial zone EZ-EN.
The plot with parcel number 94 falls within the residential zone KΑ-Α (30%) and within the commercial zone EZ-EN (70%).
The hotel is owned by Heritako Limited, an SPV, wholly owned by Gordian Holdings Ltd.
The plots are owned by Afosinio Limited, an SPV, wholly owned by Gordian Holdings Ltd.
The hotel is known as “Royiatiko” and is located in Trypiotis area. It is situated on the corner of Apollonos Street within the walled city of Nicosia, 60m from Ledras Street. 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.
The ground floor consists of the reception area, a sitting area, 2 office rooms, a restaurant with a bar, and a kitchen. The 33 rooms are situated on the floors above. On each floor, there is a special room for persons with disabilities.
The outdoor areas consist of a guest dining area, a swimming pool, outdoor showers, a bar, and a storage area. Also, there is a separate bar which consists of a single dining area with a bar, guest and staff toilets and a storage room.
Basement level 1 consists of a gym, toilets, changing rooms, storage rooms, office, E.A.C. substation, and staff room. Basement level 2 consists of 20 covered parking spaces and a storage room.
The hotel falls within the planning zone EZ-EN.
The plot with parcel number 96 falls within the residential zone KΑ-Α.
The plot with parcel number 163 falls within the commercial zone EZ-EN.
The plot with parcel number 94 falls within the residential zone KΑ-Α (30%) and within the commercial zone EZ-EN (70%).
The hotel is owned by Heritako Limited, an SPV, wholly owned by Gordian Holdings Ltd.
The plots are owned by Afosinio Limited, an SPV, wholly owned by Gordian Holdings Ltd.
Main Features
33 Rooms
20
Occupancy Status
Vacant
Ownership Share
100 %
Status
For sale
Floor number
4
Other Features
Land Registry
District
Nicosia
Municipality/Community
Nicosia Municipality, Nicosia
Quarter
Trypiotis
Reg. No.
1/227,1/363,1/61,0/14062
Sheet/Plan
21/460508, 21/460512
Parcel
96,163,94,210
Zone
EZ-ΕΝ, ΚΑ-Α
Areas
Covered Area
1,340 m2
Land area
1,494 m2
Covered verandas
92 m2
Basement area
1,243 m2
Further Features
Rooms
33
EPC
Energy Class C
Year of construction
2009
Town Planning
Town planning zone
Commercial
Building density
160 %
Coverage ratio
70 %
Max floors
3
Max height
11.50 m
Town Planning Secondary
Town planning zone
Residential
Building density
140 %
Coverage ratio
70 %
Max floors
2
Max height
8 m
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.
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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