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Hotel
Agios Ioannis, Limassol

€20,000,000  ($23,066,561)

REMAX Cyprus

REMAX Cyprus

Reg. No: 758 / License No: 410/E

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $807,330

Average Bank Rate (€20,000,000)
1 USD = 0.8377 EUR
$23,873,890

Mid-market rate (€20,000,000)
1 USD = 0.8671 EUR
$23,066,561

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 1503057 (480031017_415)
  • Total covered area: 5442 sqm
  • Plot: 3005 sqm
  • City Center, Furnished, Parking, Air Conditioning, Modern, Swimming Pool

Description

This 3-star modern hotel is located in the heart of Limassol, Cyprus just a few minutes away from the Old City of Limassol, its promenade and the Medieval Castle. It is the nearest Hotel to the Limassol Marina, to MY Mall Shopping Centre and Ladies Mile Beach and will greatly benefit from the governmental development works of the coastal stretch land stretching between the old and new Limassol ports! The hotel is built on 3,005 m² of land and had a major renovation in 2018. It is developed over 5 floors, consisting of a reception and lobby area, outdoor swimming pool of 7.5m X 12m with sunbathing area and terrace and 2 banqueting rooms for events and conferences, being able to accommodate 120 and up to 300 people each. Its restaurant and City cafe can accommodate up to 120 people and offer indoor bar, pool snack bar facilities. The 7th floor can become an amazing roof garden with breath taking views of Limassol, serviced by 3 lifts.

The hotel offers 114 renovated superior rooms. The covered area of the hotel is 4,168m² plus 724m² basement and 550m² covered verandas. The total covered area is 5,442m² and its parking lot is able to accommodate 50 cars. The prospective purchaser of the hotel will benefit from the 446m² plot adjacent to the hotel, which is part of the hotels sale.

This City Hotel enjoys 90% occupancy throughout the year with an Average rate of eur95/ night, thus offering a minimum of 15% Yield to its Prospective Buyer. The combination of its ideal location, welcoming Cypriot hospitality and modern design makes it the most affordable value for money accommodation in Limassol city, guaranteeing high occupancy rates for any investor.

For privacy reasons, the advertiser has not indicated the exact address.
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Buying expenses

For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.

Transfer fees
If buying as an individual
€796,600 ($918,741)
If buying on joint names
€793,200 ($914,820)

Disclaimer - Property reference 1503057. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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