Excellent Hotel Development Opportunity in the City Centre of Larnaca

Two story Listed house for rent with ready building permit issued in 2024 for construction and renovation works for a hotel with 20 rooms. The tenant should spend for renovation and commit to a long term tenancy agreement of 20 years. Starting rent 15K per year and gradual increase up to 60K per year. The cost of renovation will be partially returned to the tenant from the grant of the government's subsidy for restoration of listed houses.

The property presents an excellent opportunity for commercial rentals to be converted into a hotel, offering strong potential for investment and development in a prime location. Few steps away from Finikoudes beach.