business

CY0128F

RESTAURANT & POOL BAR IN LIMASSOL

 
Business Type: Restaurant
Location: Greater Limassol, Limassol, CYPRUS  
Type of Tenure: Freehold
Business Reference: CY0128F
Asking Price: € 2.100.000
Years Established 15
Incorporated Business Yes Limited Co
Car Parking 12 private spaces
Vendor Financing Negotiable
Internal Area 242 sq m
Internal Seating 100
Terrace Area 520 sqm
Terrace Seating 200
Mezzanine Area 80 sqm
Plot Area 791 sqm
Basement Area 80 sqm
 

Description

Large Freehold Restaurant & Pool Bar. Clean Property Title ready to be transferred.  The freehold title includes the restaurant, the swimming-pool & internal terrace/courtyard, front terrace, upstairs accommodation (2 rooms) and an office, a large basement, plus 12 private parking places (three of which are covered).

It occupies an advantaged corner location, about 30 metres from the coastal tourist road of Potamos Yermasoyias Area, surrounded by beach hotels, hotel apartments, clubs and residential properties. 

It has all necessary permits and licenses, such as: town-planning license, health inspectors license, drinks and music license, private parking-spaces. With the music license it can also operate as a Restaurant/Club until 3:00 in the morning. 

It is a large and exclusive restaurant/pool-bar, which offers clients the choice to sit inside, or the front terrace, or the internal courtyard with its own swimming pool and bar which is surrounded by greenery. Therefore, although it is in the centre of the very busy tourist area, it also offers privacy and a unique ambiance.  Because of its large size, pool and terrace areas, it is also perfect for private parties, receptions and other functions.

The Ground Floor has seating for 100 clients, a large, fully equipped kitchen with separate preparation rooms and storage rooms, employees changing-room & shower, separate toilets for employees.  Everything is designed as required by law for a restaurant license. There is also a ventilation system, fire alarm system, security & alarm system in accordance with the requirements of HACCP. It is also equipped with heating and air conditioning units throughout. The front terrace has all the necessary equipment and wiring for a remote bar (set during the summer season) and is equipped with electric/retracting canopies as well as a huge screen & projector.  The back/interior terrace has a large Bar facing the swimming pool.

The  property is also equipped with CCTV cameras with the ability to monitor what is happening in the restaurant over the Internet from anywhere in the world.

Upstairs there is accommodation for up to 4 persons in 2 rooms, with shower & bath, plus a managers office. Owner/manager can live upstairs or the accommodation can be used for employees.  

The Basement is used for general storage and also for the beer barrels with a pumping system for Draft Beer.

Because of the many ways in which this freehold property can be operated it can stay open 7 days a week throughout the year. For example: Restaurant, Pool Bar/Snack Bar, Private Parties & Functions, Sports Club on front Terrace, Music/Dance Club.

NOTE: the property is currently rented by the owner and operated by the tenant as a Bar and Restaurant, therefore financials are not available.  The current tenant will vacate the premises upon sale of the property.

 

Photos

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