This 1900 Listed Building is located on one of the most historic streets of Limassol, St Andrew Street that is loved by locals and tourists due to the charm that characterizes the old city of Limassol. It is only 100 meters away from Limassol's Medieval Castle and 200 meters from the Old Port and Limassol Marina. Saint Andrew street is also close to a wide selection of attractions such as fine restaurants and boutique hotels, offering an eclectic assortment of venues. Transport links in the area are excellent.
Its short walking distance to the sea and all main attractions, makes it an ideal investment as a boutique hotel. It has a large facade of 18 meters, arranged over two floors with a cozy courtyard in the middle. The building is stone built and is in a fairly good condition with a total covered area of 800 sqm. The ground floor with 472 sqm covered area is accessed through a large reception hall with high ceiling suites that span the full breadth of the property and provide an extensive allocation of areas. A pair of French doors opens up onto a tall staircase painted in period blue color that leads to the first floor and 328sqm covered area. Nine further suites are located on the first floor of the building, all of which have huge openings, some with a fireplace and connected with each other. The corridor connecting the suites ends up onto a spacious south facing terrace with far reaching views.
The property benefits from a building coefficient of (500sqm) which can be sold/transferred to other buildings once the property is renovated as part of the government's benefits for listed buildings. Also, rental income is tax-free for life and all listed buildings are capital gains tax exempt.