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.