The Property is a preservable residential building in the centre of Limassol with 2 minutes walking distance to the beach. This gem of a building is currently used as offices, and has the potential for conversion into a hotel.
All architectural drawings have been already submitted and planning permit is expected within 2 months enabling the conversion of the building to a hotel.
The Property’s rooms will feature modern furniture but will also maintain the traditional character of the Property.
• Type of property: This project is a preserved building. It consists of 10 studio rooms, with all hotel facilities. Also, it includes reception, bar and a beautiful large garden. The project is very well studied and there are various of ideas for good development.
• Plot area: 478 m2
• Covered area 340 m2 (257 m2 consist of the preserved building and the other 86 m2 consists area of a new building)
• Benefits of obtaining a preserved property: It has zero (0%) taxation and every 10 years an application for government sponsorship can be made for renovations up to €100.000.
• Location: Limassol, city center 90m from the sea, and near molos area.
• Current stage: the building is in a very good condition. We have the permission to start construction works immediately and will be delivered in less than 14 months.
1.Stay as currently is used as Offices with renovation option
2. Constructed as studio apartments for employees for the offices Libro Business Centre
3. Constructed as hotel
*Note that Boutique Hotel in Limassol and the Business Centre in Agia Traida can be sold as one project together: price can be provided up on request.
Contact us: Don’t miss out on this prime real estate opportunity. Contact us today for more information, pricing and schedule a viewing.
At Libro Group, we pride ourselves on our unique collection of properties, boutique hotels and premium office spaces.
