Home Historic ‘Olympia – Zisimos’ Cafe in Liston to be Re-auctioned with Reduced Starting Price

Historic ‘Olympia – Zisimos’ Cafe in Liston to be Re-auctioned with Reduced Starting Price

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Corfu, Greece – The iconic ‘Olympia – Zisimos’ cafe, a cornerstone of the Dalietos Legacy located in the heart of Liston, Corfu, is slated for re-auction. This decision, reached unanimously by the Municipal Committee, aims to secure a sustainable future for the historic establishment after a previous lease agreement proved unviable.

Reduced Starting Price for Re-auction

The Municipal Committee has approved a new starting bid of €8,100 per month for the re-auction of the cafe. This figure was determined based on the assessment of a certified public appraiser. This represents a substantial decrease from the €12,000 monthly starting price of the previous auction. The prior auction had resulted in a lease agreement for €15,000 per month, which the tenant was ultimately unable to fulfill, leading to the current situation.

Preserving a Historic Name

Significantly, following a proposal by the Mayor, the new auction terms stipulate the preservation of the historic name ‘Ta Olympia – Zisimos’. For decades, this name has been a cherished reference point for the residents of Corfu, embodying a rich cultural heritage and a strong sense of local identity. This commitment to maintaining the cafe’s traditional moniker underscores the importance placed on its historical and cultural significance to the community.

Approval Pending for Auction Date

The precise date for the re-auction will be set once the relevant decision of the Municipal Committee receives approval from the Decentralized Administration. The necessary documentation has already been forwarded to the Decentralized Administration of Peloponnese, Western Greece, and the Ionian for their review and endorsement. This administrative step is crucial before the bidding process can officially commence.

Background of the Dalietos Legacy

The Dalietos Legacy, under which the ‘Olympia – Zisimos’ cafe operates, plays a vital role in managing and preserving historical properties in Corfu. The careful handling of this re-auction reflects the committee’s dedication to ensuring that such significant cultural assets continue to thrive and serve the community for generations to come. The goal is to find a tenant who can not only meet the financial obligations but also respect and uphold the cafe’s long-standing tradition and importance to the island.

The re-auction process is expected to attract considerable interest from potential bidders who recognize the unique value and business potential of this landmark establishment. The reduced starting price is anticipated to make the opportunity more accessible and appealing, fostering a competitive bidding environment that will ultimately benefit the Dalietos Legacy and the wider community of Corfu.

Further announcements regarding the auction date and specific terms will be made public once the Decentralized Administration grants its final approval.

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