£4,300,447 GBP | $5,384,957 USD
Type: Hotel
Bedrooms: 50
Floor area: 2578 m2
Land area: 5839 m2
Swimming Pool
Agent/Owner:
Cyprus Luxury Properties
Yiannis Panagides
Location: Cyprus
Speaks: English, Italian,Russian
Advert last updated: 5/13/2024
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Commercial (Hotel) in Pedoulas, Nicosia for Sale
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 Uses
Boutique 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 use
Water 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 days
Distance: Limassol: 60km (1:15hrs) Nicosia: 79km (1:20hrs)
Building’s Current condition
Structural: Very good
Electrical: Requires full refurbishment
Mechanical: Requires moderate refurbishment.
· Replacement of boiler / heating system required
· Plumbing minor refurbishment
Decoration: Moderate – Major Refurbishment
Finishes: Full renovation required
Management
· 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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