Taormina, hospitality investment with restaurant and beach concession

€2,300,000
  • ~219 m² Rental Surface

Description

In Taormina, along the coastal area of Villagonia, we are pleased to offer for sale an attractive hospitality investment opportunity comprising two distinct and physically separate real estate properties, which do not form part of the same building complex and were previously used for tourist accommodation and restaurant operations, together with a maritime concession for 50 beach umbrellas. The residential component consists of a portion of a larger building, comprising nine residential units distributed across the ground, first, second and third floors, with a total commercial floor area of approximately 646 sqm, together with seven garages and parking spaces on the basement level, providing an additional 121 sqm. The sale therefore concerns these individual units and does not include the entire residential building. Physically separate from the residential component, within an independent property, are commercial premises previously used as a restaurant, extending over the ground and first floors, with a total commercial floor area of 219 sqm. The investment opportunity offers the potential to develop three complementary business components, despite their physical separation: accommodation, food and beverage, and beach services. The latter is represented by a maritime concession for 50 beach umbrellas, offering an additional element of interest for the potential coordinated management of tourism-related activities, subject to the applicable concession terms and authorisations. The configuration of the properties allows for different repositioning and value-enhancement strategies, ranging from reinstating their former hospitality use to developing an integrated tourism offering combining accommodation, dining and beach facilities, subject to the relevant permits and applicable regulations. The opportunity is particularly suited to real estate investors, hospitality operators and tourism groups seeking to acquire a collection of assets with commercial repositioning potential in one of Sicily's most established international tourism destinations. 837
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Engel & Völkers Catania Commercial

Property ID: OI-ISI-837

Property details
  • Property type

    Investment

  • Parking spaces

    7

  • Rental Surface

    ~219 m²

Energy efficiency information
  • Energy certificate available

    No

    Location: Naxos, Sicily

    The property is located in Villagonia, a coastal district of Taormina, close to the boundary with Giardini Naxos and within a short distance of the sea. The surrounding area is an established tourism destination, characterised by hotels, holiday accommodation, restaurants and services catering to beach tourism. Its proximity to Villagonia Bay and the Giardini Naxos coastline represents a particular advantage for hospitality and food-and-beverage operations, providing access to both visitors staying in Taormina and those attracted to the coast during the beach season. The area also benefits from convenient access to Taormina-Giardini railway station and road connections to Taormina's historic centre, Giardini Naxos and the main destinations along Sicily's Ionian coast. The wider area enjoys an internationally recognised tourism profile, supported by attractions such as the Ancient Theatre of Taormina, Isola Bella and the town's historic centre. The location therefore provides an attractive setting for an integrated hospitality investment, combining proximity to the sea, accessibility and the enduring international appeal of Taormina as a leisure destination.

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