BOUTIQUE HOTEL: IN LIMASSOL
type: BOUTIQUE HOTEL
location: LIMASSOL
Availability: sold
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.
Available as a whole project:
• 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.
Available investment options:
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.
BOUTIQUE HOTEL – IN LIMASSOL
Floor Plan
