Sale €2,950,000 - Commercial
We have a fully developed and approved project to convert the property into a 22 bedrooms Boutique Hotel in the
heart of Limassol. With the purchase of the property, the investor willing to transform the property into a Bou-
tique Hotel, will receive a full branding development in order to kickstart the business in zero time.Below are the permits status and financial benefits that you can gain with the purchase of the property.
CTO APPROVED
The Cyprus Tourism Organization has approved our project for the
conversion of the building into a Boutique Hotel.
Permits Status:
Below are the permits status and financial benefits that you can gain with the purchase of the property.
TOWN PLANNING PERMIT
The project has received all Town Planning permits.
MINISTRY OF INTERIOR APPROVED
The project has been approved by the Cyprus Ministry of Interior
and by the Limassol Municipality.
LISTED BUILDING
The project has been studied and approved by the Listed Buildings
office.Total state subsidies amounting to approx. 350.000 EUROS
Financial Benefits
Repayment in full for the transfer taxes paid purchasing the property if exceeding 100.000 euros.
If the property is rented to a third entity, all rental incomes are tax
free.
Exemption from all charges for ownership transfer.
Exemption from yearly property taxes.
