€990,000 $1,037,315
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Pay in USD and save up to $36,306Key features
- Listing ID: 1236471 (5361)
- Plot: 755 sqm
Description
Mixed-use building available for sale located in one of the best areas in Paralimni, near Protaras and Ayia Napa.
The asset comprises of eight residential apartments (six one-bedroom apartments, two two-bedroom apartments) and one commercial shop on the ground floor.
All of the apartments and the shop are currently rented on long term basis with over 50,000 Euros NET total rental income per annum.
Building has been fully renovated (electrical, plumbing etc) 2 years ago and fitted with new electrical appliances and modern furniture throughout.
Building density with the new local plan into effect increased from 90% to 140% giving the investor the opportunity to construct more units.
All in all its a great opportunity to purchase a property with high rental income and with huge potential of capital appreciation in the near future.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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