• Malema Court
  • 16 Evangelistrias Street
  • Malema Court, Office 41
  • 3031 Limassol
  • Tel:00357 99 207000
  • Web: www.intermproperties.com
  • Email:info@intermproperties.com
HOTEL FOR SALE IN GOVERNOR'S BEACH
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Limassol
CYPRUS.
For Sale
Price €10,000,000
4520739
    Commercial Property
  • 14538sqm Property Size
  • 1200sqm Covered Area
  • 0 Bedrooms
  • 0 Bathroom
  • 0 Garages
  • 25 Coverage Density
  • Zone
  • Height
  • 50 Building Density
  • Floors

Property Description

  • • Title Deeds
  • • Sea View
Seaside property perfect for a future investment. It occupies 3 adjoining building plots. The first is located directly by the beach and it includes a small hotel of 1200 sq.m. This small 2-floor hotel has now 15 apartments and there is a permit to build 4 floors on the top with another 12 apartments. Beyond the first plot, there are another 2 plots with a building permit for a Rehabilitation Hotel and cost of the project 25 million euros, for which there is an approved loan by the European Investment Bank. The property falls within the tourist zone T1e having 50% building density and 25% coverage.