Property for sale
Limassol, Limassol, Cyprus
£4,295,902 *
[€5,000,000]
Full Description
Established 24-Unit Hotel Apartment Investment Opportunity 100 m from the Sea Located in Limassol
Limassol is one of Cyprus' busiest coastal cities, combining a year-round business and tourism market with an extensive seafront, dining and leisure offering that supports steady demand for short-stay accommodation.
Status - Existing Hotel Apartments (In Operation Since 1980)
Price is subject to VAT. Standard VAT in Cyprus is 19%.
Property Features:
Property Type - Hotel Apartments
Units - 24 (studios, one-bedroom and two-bedroom apartments)
Floors - Ground floor plus 4 floors
Parking - Underground parking for 14 cars
Hotel Features:
In continuous operation since 1980 and renovated every year.
Established operation generating annual income.
Located close to a major high-rise development planned in Limassol.
With decades of operating history and an established place in Limassol’s accommodation sector, this property presents an opportunity to acquire an existing hospitality business with scope to build on its longstanding presence in the city.
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