Hotel in Nicosia, Cyprus, 2 580 m²

We offer a unique facility consisting of a two-star hotel and three adjacent plots located in the Old Town of Nicosia (Tampakahane district). The plots include two commercial and one residential, with a total area of 717 sq. m. They are only 150 m from Eleftheria Square and 70 m from Solomou Square and can be used as parking for the hotel.

The hotel, known as "Royiatiko", is located in the Tripiotis district on the corner of Apollonius Street, in the walled center of Nicosia, just 60 m from Ledras Street. The property is located in one of the most popular tourist areas of Cyprus, where restaurants, shops and hotels are concentrated. The hotel has an attractive appearance, excellent physical condition and regular maintenance.

The land area of the hotel is 777 sq. m. The building includes 4 floors (ground floor plus three above-ground levels) and 2 underground floors, with a total capacity of 33 rooms. The total internal built-up area is 1,340 square meters, the covered verandah area is 92 square meters, the underground area is 1,243 square meters, and the bar, located on the southern part, occupies 100 square meters.

On the ground floor there is a reception area, a relaxation area, two office spaces, a restaurant with a bar and a kitchen. All 33 rooms are located on the floors above, with a room for people with disabilities provided on each floor. The exterior areas include an outdoor dining area, a swimming pool, outdoor showers, a bar and a storage room. In addition, there is a separate bar with a dining area, a breakfast bar, toilets for guests and staff, and a pantry.

The first underground level houses a gym, toilets, changing rooms, storage rooms, an office, an E.A.C. substation and a staff room, while the second underground level is reserved for 20 covered parking spaces and an additional storage room.

The hotel is located in the EZ-EN planning area. The plot with cadastral number 96 belongs to the residential area of ΚΑ-Α, the plot with cadastral number 163 belongs to the commercial area of EZ-EN, and the plot with cadastral number 94 is located in the residential area of ΚΑ-Α (30%) and the commercial area of EZ-EN (70%).

Urban planning zoning parameters: the facility is located in a commercial area with a building density of 160% and a coverage ratio of 70%. Construction of up to three floors is allowed, the maximum height of the building is 11.50 m, which opens up wide opportunities for the implementation of modern projects.

The total built—up area of the facility is 1,340 sq.m., and the land plot is 1,494 sq.m. Additionally, covered verandas with an area of 92 square meters are provided, creating a comfortable place to relax, as well as underground rooms with a total area of 1,243 square meters, which can be used for storage or technical needs. These parameters provide excellent opportunities for the implementation of a modern project, taking into account all functional requirements.

Specialists of a licensed real estate agency in Cyprus
ABC CYPRUS Homes will arrange for you to view this property or select other options based on the specified search criteria.
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