Modern building with guaranteed income, historical center, Limassol

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Cyprus, Limassol
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284 m²
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9 Bedrooms
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9 Baths
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ID CY8347

€1,700,000+

284 m²
Property sold
This property is sold, but we will help you find another one
Elena KozyrevaExpert on real estate and permanent residency by investment in Cyprus

Cost

Property cost

€1,700,000+

Purchase taxes

0% VAT

State fees

0,2%

Registration cost

1%

Distances

Sea 200 m
Infrastructure 200 m
Airport 50 km

Yield and management

Yield

8.2%

Property management

Yes

We will help you sell the object if you decide to exit the investment

Description

This object is located in a popular historical center of Limassol. Nearby are the Molos promenade (200 m.) and the marina (2 km.), all modern amenities (inc. the Olympion beach - 200 m.). There is good transport accessibility, you can quickly get to the main highways (500 m.). 

A modern residential building with apartments with panoramic views of the sea, landscaped garden and cityscape is offered for sale. It consists of 9 studio apartments (1 bedroom each) with a modern interior and premium finish. The annual rental yield is 8.2%. The building is leased under a 5-year lease agreement to a corporate tenant for 140 000€ per year. The building has energy efficiency class "A". Full furnishing is available upon request. There is parking on site. The building can also be resold (in full or in apartments separately).   

Building specifications: 

  • private garden: 24 sq. m.
  • total covered veranda: 72 sq. m.
  • total internal area: 284 sq. m.
  • land area: 431 sq. m.
  • common areas: 51 sq. m.

Real estate

Object type

Residential complex, Apartments

Object category

New

Object stage

Construction

Permits

Yes

Object completion date

on request

Design features

Ownership

Characteristics

Total area

284 m²

Plot area

431 m²

Number of storeys

3

Land area

Open

Bedrooms

9

Baths

9

Parking

Yes

Renovation

Standard

Furniture

Partially furnished

View

City, Garden, Road, Sea

Equipment

Central conditioning

Properties

Balcony
Garden on the plot
Internet
TV
Terrace

Location

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Let's discuss the details

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