Commercial Building with Hostel Business in Historical Center, Limassol

Located in the heart of Limassol’s historic Old Town, in the Katholiki area, this commercial building presents an excellent investment opportunity, combining real estate ownership with an existing hospitality business.

The property offers a contemporary accommodation concept designed to appeal to international travellers, digital nomads and visitors seeking a comfortable and sociable environment in one of Limassol’s most vibrant central locations.

Its thoughtfully designed interiors create a welcoming atmosphere, while the flexible accommodation layout allows for a combination of privacy and shared experiences. The building's urban character and established hospitality concept make it an attractive option for investors seeking a ready-to-operate business.

Situated within easy reach of Limassol Marina, restaurants, cafés, shops and cultural attractions, the property benefits from a prime location with strong appeal to both leisure and business travellers.

Property features:
✔ Property type: Commercial building with existing hostel business
✔ Building: 3 floors + rooftop terrace
✔ Covered area: 400 m²
✔ Plot area: 249 m²
✔ Accommodation capacity: Up to 28 guests
✔ Private guest rooms and apartments
✔ Capsule-style sleeping accommodation
✔ Reception area
✔ Co-working space
✔ Communal kitchen and dining facilities
✔ Multiple bathrooms
✔ Private garden
✔ Spacious rooftop terrace
✔ Sea and Limassol Old Town views
✔ Private parking: 4 cars
✔ Location: Historic centre of Limassol, near Rio Cinema
✔ Walking distance to Limassol Marina: Approximately 10 minutes

Building layout:

Ground floor:
✔ Reception and communal areas
✔ Co-working space
✔ Kitchen and dining facilities
✔ Private guest room
✔ Capsule accommodation for 8 guests
✔ Private garden

First floor:
✔ Guest apartment
✔ Capsule accommodation for 6 guests
✔ Kitchen facilities
✔ Bathroom

Second floor:
✔ Two separate guest apartments
✔ Accommodation for 6 guests in each apartment
✔ Outdoor terrace

Rooftop:
✔ Spacious open rooftop terrace
✔ Sea and panoramic Old Town views
✔ Potential for an outdoor lounge, yoga sessions, movie evenings and guest activities

Investment highlights:
✔ Existing hospitality business included in the sale
✔ Established hostel accommodation concept
✔ Flexible combination of private and shared accommodation
✔ Opportunity for short-term rental income
✔ Central location attractive to tourists and international travellers
✔ Rooftop space with potential for additional guest activities
✔ Private parking in the historic city centre

Selling price: €1,100,000

Contact us to arrange a viewing.

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Licensed agency RealDeal Estates
Reg. No. 1311 | Lic. No. 347/E