64 Bedroom Hotel For Sale in Mckenzie, Larnaca

64 64

Total covered Area: 0 sq. meters | Plot Size: 0

Discover an unparalleled opportunity at the prime Sea Front location of Makenzie Beach, where this remarkable property stands as a promising investment. With the mantra "Location! Location! Location!" echoing through its grounds, this multi-floor establishment offers a host of possibilities for the savvy investor.

The ground floor greets visitors with a welcoming reception area, front veranda, a spacious lobby, and a generously sized breakfast room equipped with a kitchen. The mezzanine floor is thoughtfully designed to host conferences, providing a versatile space for various events.

Ascend through four floors, each featuring 16 rooms, granting a total of 64 rooms, each offering a captivating side sea view. The 5th floor hosts a dedicated restaurant, while the 5.5th floor boasts a rooftop swimming pool, now retired from use, but with the potential to be repurposed as a stylish cocktail bar.

This property holds a full hotel license, currently listed as a 3-star hotel, ensuring compliance with hospitality standards. With underground parking accommodating up to 20 cars, convenience and accessibility are key features. Moreover, there is permission in place to add two more floors, expanding the potential of this prime location.

For those with a vision, the property also allows for the construction of an additional four apartments in the front, maximizing its footprint and adding value to the overall investment. While the property is in need of renovation, this presents an exciting opportunity to breathe new life into a seaside gem, creating a unique space that capitalizes on its unparalleled location. Don't miss the chance to transform this property into a thriving hub or a luxurious retreat, embodying the epitome of coastal living and hospitality.

Important information

This is a Freehold property.