Building in mesa geitonia, limassol
- Reference number: SA36636
- Condition: Under construction
- Property area: 761 m²
- Included: Storage room, Parking
- Energy Efficiency: N/A
- Square meter price: €3.482 /m²
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Reference ID: #SA36636Price details: €2,650,000 +VATInvestment opportunity, a premium residential development strategically located in the heart of Limassol, just moments away from the city business center, the beach, and a wealth of amenities.Project is situated in a rapidly developing area of Limassol, ensuring strong rental demand from professionals, expatriates, and families, perfect for people aiming to avoid traffic and have a hassle-free transportation. Its proximity to the city business centre, Makarios Avenue (the main city avenue), and the beach enhances accessibility, while amenities like shopping centres, restaurants, schools, and healthcare facilities are within walking distance.A three-floor development with a total of seven flats for sale, covering a combined area of 761 sqm on a 525 sqm plot of land. The building features six two-bedroom flats and one one-bedroom flat, designed to cater to the high-demand rental market of Limassol.*Notably, the second and third floors can be extended to transform the two-bedroom flats into three-bedroom units, maximizing rental income and value.Rental Income Potential:1st Floor: Two 2-bedroom flats at €2,200 each and a 1-bedroom flat at €1,800.Second Floor: Two 2-bedroom flats at €2,800 each. (Can be extended into 3- bedroom flats)Third Floor: Two 2-bedroom flats at €3,000 each. (Can be extended into 3- bedroom flats)Annual Rental Income:1st Floor: €6,200/month = €74,400/yearSecond Floor: €5,600/month = €67,200/yearThird Floor: €6,000/month = €72,000/yearTotal Annual Rental Income: €213,600With a selling price of €2,650,000, this results in a projected annual return on investment (ROI) of approximately 8.00%, not considering potential property value appreciation in this highly desirable area.This is a rare opportunity to invest in a property that combines strong rental yields with significant growth potential.
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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