A hotel in the center of Nicosia is up for auction.
The hotel unit is located in the parish of Tripiotis, in the area of Aristokyprou and Solonos.
This is a four-storey building of 438 m2, which is for sale for €1 063 650.
It is clarified that the sale of the property may be subject to VAT.
The property for sale is a semi-detached four-storey building with a semi-basement, which functions as a hotel.
As mentioned, for the property there is an entry in the Land Registry for "No Legal Deed. Certificate of unauthorized work".
The asset is sold through Gordian Holdings Ltd.
The online auction is scheduled for December 11, 2020, at 10:00 a.m.
The guarantee amount for participation in the process reaches €106 365.