Apartment Building in Limassol Old Town

Investment
For Sale
New Build
Ref no.2024-5919
Contact
€1,700,000
  • Bedrooms: 9
  • Toilets: 9
  • Kitchens: 9
  • Parking Spaces: 9
  • Floors: 3
  • Status: Off plan
  • Energy Efficiency Rating: A
  • Covered: 284 m²
  • Covered veranda: 72 m²
  • Garden: 24 m²

The Property House presents this Apartment Building for sale in the heart of Limassol's Historical Centre, 200 metres from the beach.

The building is currently off plan and is comprised of 9 studio apartments, an ideal investment opportunity.

Investment Highlights:

• Secure an entire building consisting of 9 studio apartments.
• Long-Term Lease: The building is rented out on a 5-year lease agreement to a corporate tenant, generating an annual income of €140,000.
• Impressive Yield: Enjoy an annual yield of 8.2%.
• Tax Benefits: No VAT or transfer fees applicable, as the plot is under an SPV (Special Purpose Vehicle).

This is a unique opportunity to invest in a high-yield property in one of Limassol's most vibrant and desirable locations. Just a short walk from the beachfront and all amenities that this highly sought-after, area has to offer, the property will be in high demand.

For more information, please contact The Property House.

Facilities

  • Aircondition, Provision
  • Elevator
  • Parking, Covered

Features

  • Bright
  • Double glazing
  • Easy access to main roads
  • Fitted wardrobes
  • Garden
  • Heart of city center
  • Investment opportunity
  • Near amenities
  • Near bus route
  • Quiet Area
  • Veranda
  • Walking distance to beach

Floor Plans

Distances

200 m
Sea
300 m
Amenities
65 km
Airport
200 m
Public Transport
800 m
Schools
1.2 km
Resort

Managing agent

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