The property consists of a two-star hotel and three adjacent plots in the Old Town of Nicosia (Tampakhan Quarter). The plots include two commercial plots and one residential. Their total area is 717 square meters and they are located 150 m from Eleftherias Square and 70 m from Solomu Square. Three areas can be used as hotel parking.
The hotel is known as “Royiatiko” and is located in the Tripiotis district. It is located on the corner of Apollonas Street, inside the fortified center of Nicosia, 60 m from Ledra Street. The location of the property is one of the most touristic places in Cyprus, surrounded by restaurants, shops and hotels. The hotel has a good appearance, is in good condition and is well maintained.
The land area is 777 square meters. The total capacity is 33 rooms, the hotel consists of 4 floors (ground floor and 3 upper floors) plus 2 basement levels. The interior covered area is 1,340 sq. m, 92 sq. m of covered verandas, 1,243 sq. m of basements and 100 sq. m. bar located on the south side of the building.
On the first floor there is a reception area, waiting area, 2 office space, a restaurant with a bar and a kitchen. 33 rooms are on the upper floors. Each floor has a special room for people with disabilities.
Outdoor spaces include a dining area for guests, a swimming pool, outdoor showers, a bar and a pantry. There is also a separate bar, which consists of a single dining area with a bar, restrooms for guests and staff and a pantry.
Basement Level 1 includes a gym, toilets, changing rooms, pantry, office, E.A.C. substation and staff room. Basement level 2 includes 20 covered parking spaces and a pantry.
The hotel is located in the EZ-EN planning area.
The plot with cadastral number 96 is located in the residential area KΑ-A.
The site with cadastral number 163 is located in the commercial zone EZ-EN.
The plot with cadastral number 94 is located in the residential area KΑ-A (30%) and in the commercial area EZ-EN (70%).
The hotel is owned by Heritako Limited, an SPV wholly owned by Gordian Holdings Ltd, and the plots are owned by Afosinio Limited, an SPV wholly owned by Gordian Holdings Ltd.
