House 25667 м² in Nicosia, Cyprus

3 295 420 $

128 $ /м²

4OVbw

House 25667m² in Cyprus, Nicosia. Priced at 2416174£ rent photo-

Area

25667 м²

Bedrooms

FAMOUS RECEPTION HALL IN NICOSIA

A well-known hotel-reception in Nicosia with an active license and established clientele is for sale. The business is active and has a steadily growing annual profit. Any financial audit is welcome. It consists of a large estate with an exceptionally well-maintained garden with a swimming pool, a church, parking lots, warehouses, a house, and everything necessary for the needs of any reception. Business details are confidential and can only be disclosed after contacting me and signing a confidentiality agreement.

Additional details

Property type

All Types

Object type

House

Price

3 295 420 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Nicosia; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Nicosia short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (3 295 420 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Nicosia: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).