€1,700,000 $1,890,986
You can tour this property via live video chat. We perform video walkthroughs while you are on the line via your favourite mobile chat app (Whatsapp or Viber). Request a viewing now.
Pay in USD and save up to $66,185Key features
- Listing ID: 1504304 (480031082_32)
- Plot: 790 sqm
- Air Conditioning, City Center, Modern, Near Highway, Near Schools, Near Shops, On Busy Road, Parking, Veranda
Description
This whole building for sale is situated in Zakaki area of Limassol, very close to the new Limassol Casino, on a busy commercial road and with easy access the high way connecting all main cities of the island.
Its ideal location offers easy access to the centre of town, the new & old Port, casino, the commercial and business centre of Limassol, as well as the other main cities across the island.
The building was constructed in 2011 and sits on a plot of 790sqm. Its total covered area is 1,323sqm and comprises the following:
- Basement of 690sqm (Earning a monthly rental income of €1100)
- Shops on the Ground Floor of total 394sqm (Earning a rental monthly income of €3000)
- 1st Floor of 6 studio apartments totalling 240sqm (Εarning a total rental monthly income of €3500)
Τotal monthly rental income €7,600 (Υearly €91,200)
The present yield is estimated to 5.70%.
It also has available Building Coefficient to build another two floors of total 350sqm.
Βuilding the 1st extra floor estimated total yearly rent: €126000 (yield 6.81%)
Building the 2nd extra floor estimated total yearly rent: €162000 (yield 8.30%)
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.
Disclaimer - Property reference 1504304. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.