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.