New Hotel Conversion Office Building for sale in Limassol

New Hotel Conversion Office Building for sale in Limassol

10,000,000€

Description

Situated at Yermasoyia tourist area, the vibrant part of Limassol, and just 2 minutes walking distance from the Apollonia Beach Hotel, this modern Office Building for sale in Limassol’s market should not be a chance to miss for the discerning buyer. The office building  shall be the result of the conversion of the ex-Chez Nous hotel, into a modern and environmentally friendly.

The building requires the installation all mechanical and electrical systems, costing an additional €2,000,000 to complete the project. The current price of the development is currently €8,000,000 NO VAT, and with the electrical and mechanical work, the total will come to €10,000,000.

The whole development covers a a total of 2598m², and features direct access to the seaside avenue and motor way, all while situated in a popular tourist area. projected annual returns for this property look to be at approximately 8.6% , before including operational consts and taxes.

Location

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