Debts and inability to repay the installments result in restaurants in almost all cities of Cyprus being put up for auction. Despite the good course of tourism and the mobility of the restaurant, some companies have not been able to change their financial situation.
After the apartments, the fields and the plots, for the first time so many restaurants go on sale in almost all the cities. The list also includes two hotels, one in Nicosia in the old town and one in Platres. According to the data that have been announced and presented today by the newspaper "Phileleftheros", a four-storey hotel in Nicosia in the area of Trypiotis with the name Rimi Hotel with 26 rooms, 438 sq.m. The building is 1 years old and was restored about 1.215.600 years ago, it belongs to the Bank of Cyprus.
Leisure center on October 28 in Engomi on the second floor, closed spaces 360 sq.m., mezzanine 137 sq.m., uncovered terrace 109 sq.m. will be put up for auction without reservation price. A plot of land with a restaurant in Makedonitissa was put up for auction with a reserved price of € 509.600. The building is about 40 years old and was completely renovated about 17 years ago. The total area of the building is approximately 580 sq.m. (273 sq.m. ground floor interior, 54 sq.m. shed interior and 253 sq.m. shed. On March 18, the Bank of Cyprus Splendid in Pano will be put up for auction again. Platres, area 3.367 sq.m. at the price of € 1.600.000.
A restaurant on the ground floor and mezzanine of the building "Yiatros Harmony Court" in Potamos Germasogeia has been put up for auction with a price of € 482.000. The building is about 20 years old, but the restaurant was renovated about 2 years ago. A restaurant in Kato Paphos is up for auction by the Bank of Cyprus with a reserved price of € 177.600. The building is about 23 years old. The area of the restaurant is 105sqm (74 sqm on the ground floor and 31 sqm on the mezzanine). The ground floor and mezzanine have been extended on site. A second restaurant in Kato Paphos is being auctioned by the Bank of Cyprus with a reserved price of € 397.600. It is located on the ground floor of the complex "Limnaria - Phase 1". The area of the restaurant is 185 sq.m. on the ground floor.
Two restaurants in Paralimni
In addition, it has space in the basement of 39sqm. Cafeteria in Pegeia on the first floor of 91 sq.m. will be put up for auction at a price of € 221.600. Bank of Cyprus is preparing to put two restaurants in Paralimni up for auction with a reserved price of € 191.600 and € 174.400. They are located in a two-storey building with a semi-basement “Marilena Shopping Compex. The building is about 24 years old. It is noted that in February the sale program includes: 136 fields, with 42 located in Paphos province, 60 plots, 25 houses, 28 apartments, with 15 located in Nicosia province, 14 shops, 7 restaurants, 4 apartment buildings, 4 vineyards , 4 offices, 4 properties for which it is not determined whether they are fields or plots, 1 industrial plot and 1 cafeteria.
Source: Liberal