Hotel in Larnaca № 63559

A plot of land is for sale, on the site of which a boutique hotel will be built. All permissions have been received. One of the most important tourist visits in Cyprus and the famous pilgrimage to the Church of the Holy Cross, where a part of the holy cross is on display. A place recognized as a national treasure, with stone houses of unique architecture. Lefkara is famous for its traditional lace and silverware. Larnaca International Airport is 20 minutes away by car. 30 minutes to Nicosia and 25 minutes to Limassol. 15 minutes to the Governor's beach. The project is located on the main road with good visibility. Altitude above sea level 600 m, view of the Gulf of Larnaca and the mountains, excellent climate. The stone building of the national heritage of 300 m2 – requires complete restoration. The new building will be built 700 m2. The land plot for the hotel is 650 m2. The land plot for parking is 335 m2. Sleeps 32 licensed seats (can be increased to 40). Services: fireplace room, restaurant, dining room in the inner and outer courtyard, outdoor swimming pool, medical spa for 7 treatment places and a relaxation room. Permits: Planning permission approved by CTO as a hotel. Finance: tax benefits - national Heritage building, refund of transfer fees. The possibility of obtaining an EU grant and/or a technical director due to the location and nature of the project. Owner: An experienced civil engineer who is able to take full control of the project before its transfer to a new owner. Construction can begin immediately after purchase. There is a business plan. The cost is 420.000+VAT - land + it is necessary to extend the permit. The construction of the hotel is estimated at 2 million euros. The building density is 1000 square meters. The cost is 2000 per 1 square meter. A great option for earning income all year round. A place that has no seasonality and is popular with both tourists and locals.