Bazaraki
Property 6432416
Limassol · EUR 4,700,000 · 6
An established hospitality asset offering scale, functionality, and strong repositioning potential. Originally built in 1965 and fully refurbished in 2005, the property extends to approximately 813 m² of enclosed areas, complemented by 128 m² of ancillary spaces and additional uncovered areas, allowing flexibility for operational use and guest amenities. Arranged over five floors, the building comprises 28 en-suite bedrooms and 4 extra bedrooms with no bathroom. The layout and size support consistent tourist accommodation, while the existing structure provides a solid base for refurbishment, upgrade, or brand repositioning. The property is in good overall condition and benefits from ground floor access, enhancing day-to-day operations. This is a compelling opportunity for investors seeking a value-add hospitality asset with clear potential to enhance performance through strategic upgrades or repositioning.
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