The building consists of a 5-storey, family-run, boutique hotel named “Hotel Villa Greta”, in business since 1969. Located on the southern side of Taormina upper town, the hotel benefits from a stunning view on Etna volcano and on the Giardini Naxos bay. The structure is composed of 12 rooms, bar, restaurant and an amazing panoramic terrace that can accommodate 30/35 seats. The residual buildability existing on the considered plot allows the expansion of the current structure up to 7.000 mc.
An intervention on the existing building (alternatively by expansion or demolition and reconstruction) would allow to obtain a 25-room hotel. In addition, it is possible to change the destination into residential, developing 20/25 apartments plus annexes.
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The hotel is located in the upper part of Taormina, where history meets the majesty of nature. The location offers a spectacular view of the imposing volcano Etna and the beautiful panorama of the bay of Giardini Naxos. The property is located near the Arab-Norman Castle of Taormina and the Saracen Path, an ancient path that connects the town to the picturesque pre-Hellenic village of Castelmola. The hotel is located about 600 meters from Porta Catania, a western access point to Corso Umberto and to the historic city center.