$4,722,741
Landmark Building For Sale In Saripolou Square, Limassol Old Town: Income Producing With Boutique Ho
- 15 Hab.
- 13 Baños
- 12,917 Sqft
- 4,844 Sqft lot
- Actualizado: Octubre 20
Sobre la propiedad
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Rare commercial investment opportunity in Limassol Old Town, located directly on Saripolou Square, the most vibrant entertainment and business hub in the historic centre. The property is surrounded by restaurants, bars, offices, retail shops, and constant pedestrian activity, while being within walking distance to Limassol Marina and the seafront.
The asset sits on a 450 m² plot and compr
The asset sits on a 450 m² plot and compr
Rare commercial investment opportunity in Limassol Old Town, located directly on Saripolou Square, the most vibrant entertainment and business hub in the historic centre. The property is surrounded by restaurants, bars, offices, retail shops, and constant pedestrian activity, while being within walking distance to Limassol Marina and the seafront.
The asset sits on a 450 m² plot and comprises a building of approximately 1,200 m² total covered area (including verandas).
The property is currently configured with a combination of office spaces and retail units and already generates approximately €150,000 in annual rental income, providing immediate cash flow while evaluating redevelopment plans.
Boutique hotel / serviced apartment development potential
______________________________________________
Due to its prime Old Town location, the building offers excellent potential for conversion into a boutique hotel or serviced apartment project.
A feasible concept includes approximately 36 units (studios and one-bedroom apartments). With an estimated Average Daily Rate (ADR) of around €250, the project could generate gross annual revenues of approximately €2.5M – €3M depending on occupancy and operating model.
Value-add investment potential
Estimated renovation cost: €1M – €1.5M
Total project cost:
Purchase price: €4.2M
Renovation: €1M – €1.5M
Total investment: approximately €5.2M – €5.7M
Based on a stabilized operational model and conservative net margins typical for boutique hospitality assets, the project could achieve an estimated ROI in the range of approximately 12% – 16% annually.
Additionally, after renovation the building’s market value is estimated at around €5,500 per m², implying a potential resale value of approximately €6.5M – €7M.
This represents a prime value-add real estate opportunity in Limassol city centre, combining existing rental income, strong hospitality potential, and long-term capital appreciation.
Asking Price: €4,200,000
An exceptional opportunity to acquire a landmark investment property in Saripolou Square, Limassol Old Town—one of the most desirable locations for hospitality, tourism, and mixed-use developments in Cyprus.
The asset sits on a 450 m² plot and comprises a building of approximately 1,200 m² total covered area (including verandas).
The property is currently configured with a combination of office spaces and retail units and already generates approximately €150,000 in annual rental income, providing immediate cash flow while evaluating redevelopment plans.
Boutique hotel / serviced apartment development potential
______________________________________________
Due to its prime Old Town location, the building offers excellent potential for conversion into a boutique hotel or serviced apartment project.
A feasible concept includes approximately 36 units (studios and one-bedroom apartments). With an estimated Average Daily Rate (ADR) of around €250, the project could generate gross annual revenues of approximately €2.5M – €3M depending on occupancy and operating model.
Value-add investment potential
Estimated renovation cost: €1M – €1.5M
Total project cost:
Purchase price: €4.2M
Renovation: €1M – €1.5M
Total investment: approximately €5.2M – €5.7M
Based on a stabilized operational model and conservative net margins typical for boutique hospitality assets, the project could achieve an estimated ROI in the range of approximately 12% – 16% annually.
Additionally, after renovation the building’s market value is estimated at around €5,500 per m², implying a potential resale value of approximately €6.5M – €7M.
This represents a prime value-add real estate opportunity in Limassol city centre, combining existing rental income, strong hospitality potential, and long-term capital appreciation.
Asking Price: €4,200,000
An exceptional opportunity to acquire a landmark investment property in Saripolou Square, Limassol Old Town—one of the most desirable locations for hospitality, tourism, and mixed-use developments in Cyprus.
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Tipo de propiedad
Apartamento
-
Pisos
4
-
Año de construcción
1985
-
Precio/pie²
$365
Características
Explorar la zona
Limasol, Distrito de Limasol, Chipre
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Precio por sqft
Bajo
Alto
Se unió hace 4 meses
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Cyprus Luxury Properties
106, Georgiou Griva Digeni Street, 3101, Neapolis, Limassol, Cyprus, 3101, Limassol, Cyprus
Ver perfil de la agencia
Cyprus Luxury Properties
Cyprus Luxury Properties represents an exclusive collection of Cyprus’ most excep
Cyprus Luxury Properties represents an exclusive collection of Cyprus’ most excep
Cyprus Luxury Properties
Cyprus Luxury Properties represents an exclusive collection of Cyprus’ most exceptional residences, trophy assets, and investment opportunities, curated for discerning individuals, family offices, and global investors seeking the very best of Mediterranean luxury, privacy, and lifestyle.
Through our portal, clients gain privileged access to a carefully selected portfolio of beachfront villas, waterfront penthouses, golf resort residences, contemporary architectural homes, private estates, and exclusive off-market opportunities across the island’s most prestigious destinations.
As the exclusive luxury division of Fox Realty, one of Cyprus’ most established and respected real estate firms, we combine local expertise, market intelligence, and absolute discretion to deliver a highly personalized property acquisition experience for an international clientele.
Limassol
As Cyprus’ cosmopolitan centre of business, luxury living, and international investment, Limassol has emerged as one of the Mediterranean’s most desirable real estate destinations. From the iconic Limassol Marina and the prestigious seafront districts of Amathus, Agios Tychonas, and Kalogiroi to the championship fairways of Limassol Greens Golf Resort, the city offers a sophisticated lifestyle defined by luxury residences, world-class hospitality, private education, fine dining, yachting, and year-round sunshine.
Paphos
Renowned for its natural beauty, exclusivity, and relaxed sophistication, Paphos is home to some of Cyprus’ most sought-after addresses. From the award-winning Aphrodite Hills Resort and the dramatic coastline of Sea Caves and Saint George to the unspoiled beauty of the Akamas Peninsula, the region offers an exceptional combination of luxury living, privacy, and long-term investment appeal.
A Mediterranean Destination for Global Wealth
Strategically positioned between Europe, the Middle East, and Asia, Cyprus continues to attract international buyers seeking security, lifestyle, and wealth preservation. With European Union membership, a favourable tax environment, modern infrastructure, world-class healthcare, championship golf courses, luxury marinas, and over 340 days of sunshine annually, the island offers an unrivalled balance of opportunity and quality of life.
Whether acquiring a waterfront penthouse overlooking the Mediterranean, a private estate with panoramic sea views, a residence within a world-class golf resort, or a strategic investment asset, our clients benefit from trusted guidance, privileged market access, and opportunities beyond the public market.
Exceptional Properties. Trusted Expertise. Absolute Discretion.
Cyprus Luxury Properties
The Exclusive Luxury Division of Fox Smart Estate – Registered & Licensed Estate Agent (Registration No. 488 | License No. 344/E).
Cyprus Luxury Properties represents an exclusive collection of Cyprus’ most exceptional residences, trophy assets, and investment opportunities, curated for discerning individuals, family offices, and global investors seeking the very best of Mediterranean luxury, privacy, and lifestyle.
Through our portal, clients gain privileged access to a carefully selected portfolio of beachfront villas, waterfront penthouses, golf resort residences, contemporary architectural homes, private estates, and exclusive off-market opportunities across the island’s most prestigious destinations.
As the exclusive luxury division of Fox Realty, one of Cyprus’ most established and respected real estate firms, we combine local expertise, market intelligence, and absolute discretion to deliver a highly personalized property acquisition experience for an international clientele.
Limassol
As Cyprus’ cosmopolitan centre of business, luxury living, and international investment, Limassol has emerged as one of the Mediterranean’s most desirable real estate destinations. From the iconic Limassol Marina and the prestigious seafront districts of Amathus, Agios Tychonas, and Kalogiroi to the championship fairways of Limassol Greens Golf Resort, the city offers a sophisticated lifestyle defined by luxury residences, world-class hospitality, private education, fine dining, yachting, and year-round sunshine.
Paphos
Renowned for its natural beauty, exclusivity, and relaxed sophistication, Paphos is home to some of Cyprus’ most sought-after addresses. From the award-winning Aphrodite Hills Resort and the dramatic coastline of Sea Caves and Saint George to the unspoiled beauty of the Akamas Peninsula, the region offers an exceptional combination of luxury living, privacy, and long-term investment appeal.
A Mediterranean Destination for Global Wealth
Strategically positioned between Europe, the Middle East, and Asia, Cyprus continues to attract international buyers seeking security, lifestyle, and wealth preservation. With European Union membership, a favourable tax environment, modern infrastructure, world-class healthcare, championship golf courses, luxury marinas, and over 340 days of sunshine annually, the island offers an unrivalled balance of opportunity and quality of life.
Whether acquiring a waterfront penthouse overlooking the Mediterranean, a private estate with panoramic sea views, a residence within a world-class golf resort, or a strategic investment asset, our clients benefit from trusted guidance, privileged market access, and opportunities beyond the public market.
Exceptional Properties. Trusted Expertise. Absolute Discretion.
Cyprus Luxury Properties
The Exclusive Luxury Division of Fox Smart Estate – Registered & Licensed Estate Agent (Registration No. 488 | License No. 344/E).
Última actualización
Octubre 20
Primera publicación
Octubre 20
Referencia del anuncio
33143
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