The Yellow House Cyprus

Investment Advisory

Navigator Consulting has advised on the sale of The Yellow House, a historic mansion in Limassol, Cyprus, dating to 1875. The property was purchased by a cultural foundation, and will be renovated into a modern cultural and events centre. The new owner is committed to a full renovation, ensuring that this architectural gem lives on into the future.

 

Located across from the Ayia Napa Cathedral, the building was constructed in 1917 with a distinctive triangular shape. The architecture features elements of French baroque and European eclecticism. It was designed by Zacharias Vondas, a Greek architect who designed many Limassol landmarks at the time.

 

The building originally served as a residence. In 1960, it was converted to office space for the Limassol Water Board. It became known as The Yellow House due to a café / restaurant which used to operate there in the 1960s.

Client:
Client Confidential

Date of Engagement:
June 2020 - January  2021

Countries of Operation:
Cyprus

Business Function:
Investment Advisory Services

Business Sector:
Real Estate


The Yellow House Cyprus.png

As a listed building, it qualifies for renovation support provided by the Government of Cyprus for heritage buildings.

Navigator‘s services included:

  1. Property analysis from a zoning, regulatory, technical and commercial viewpoint

  2. Provisional property valuation

  3. Development of an investment specification

  4. Introduction of potential buyers

  5. Negotiation support