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Pay in USD and save up to $238,906Hotel Apartments for Sale – Agios Tychonas, LimassolAn excellent investment opportunity in one of Limassol’s most sought-after tourist areas, just moments from the renowned Four Seasons Hotel.This established hotel apartment complex is set on a 1,465 m² plot and comprises:Three residential floors – 312.5 m² covered each11 one-bedroom apartments3 studios3 two-bedroom apartmentsTotal capacity: 40 bedsGround Floor (312.5 m² covered):Reception area, lobby, and bar.Basement (312.5 m² covered):Staff rooms and a club/entertainment area.Outdoor Areas:Swimming pool (5m x 15m) with pool bar and surrounding leisure space.Built in 1985 by the owners, the hotel has been continuously operating and benefits from a prime location within the Limassol tourist zone. While fully functional, the property would greatly benefit from renovation, offering significant potential to upgrade, reposition, and increase its value and returns. Ideal for investors seeking a well-located hospitality asset with strong redevelopment and income potential in Agios Tychonas.
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.
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