3 Bedroom Penthouse for sale in Agios Nicolaos, Limassol

Reference ID: details: €525,000 +VATBuilding is situated in Limassol's city center, just a 15-minute walk from the beach.The development includes one, two, and three-bedroom units, as well as stylish penthouses.This prime location supports both high demand for short-term and long-term rentals with strong potential for capital appreciation.Market Insights:Open Market Rentals:•1-Bedrooms: €2,000 - €2,200 per month.•2-Bedrooms: €2,700 - €2,900 per month.•Rental Growth: The area has seen a 45%+ increase in rental rates over the past three years, indicating strong market trends for continued growth.•Value Appreciation: The neighborhood is thriving, with significant potential for property value appreciation.Location Benefits:•Proximity to Amenities: Close to shopping, dining, entertainment, and excellent public transport links.•Accessibility: Easy access to the motorway Investment Highlights:•High Demand: Central location ensures high demand for both long-term and short-term rentals.•Yield Potential: Competitive off-plan pricing with a promising high yield and return on investment.Project presents a lucrative investment opportunity with strong rental yields and the potential for significant value appreciation in a growing neighbourhood.Covered area: 96 sq.m.Covered veranda: 25 sq.m.Roof garden: 36 sq.m.PLUS V.A.T