Demand on Cyprus real estate is continuously growing. A record number of sales was reported in May.
Hotel in Dhekelia Area Larnaca
- Property ID: 217AS
- Status: Sale
- Property type: Commercial
- Address: Larnaca
- Total area: 2368 m²
51 room hotel located 150 m from Palm Beach Hotel and 250 m from the Blue Flag beach in Larnaca – Ayia Napa road, in the heart of the tourist area of Larnaca .
The hotel is currently closed, and needs renovation. The hotel was build and operated prior to the decrease of zoning in area, and thus it carries a great advantage of over 1800 m² of building density that is making it exceptionally attractive due to the high number of rooms it can accommodate, thus high yield and profitability. The property is for sale on “As it is “ basis. If requested, we can recommend the company which can undertake the full renovation of the said property after the sale. Its architects, interiors designer, consultants, will be engaged into converting the hotel into one of the 3 solutions they suggest, or another solution that the new owner will find appropriate.