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.