€850,000 $900,136
Fox Smart Estate Agency Limassol
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Pay in USD and save up to $31,505Key features
- Listing ID: 1493555 (26219)
- Plot: 261 sqm
Description
This residential apartment building in Agios Asomatos presents a solid investment opportunity with promising future growth. Located on a 261sq.m. plot, the property features 285sq.m. of covered areas, divided into four well-maintained units. The ground floor, built in 1988 and fully renovated in 2021, includes two one-bedroom apartments (68sq.m. and 45.5sq.m.). The second floor, constructed in 2021, offers a spacious three-bedroom unit totaling 150sq.m.
The building is in excellent condition, with an upgraded "A" energy efficiency rating, four parking spots, and storage space. Just 200m from schools, parks, and main roads with amenities, and 5-7 minutes from City of Dreams, My Mall, and local beaches, the area is seeing significant development, with large projects like Limassol Greens and Sunset Gardens underway.
Currently generating €4,000 per month in rental income, with a 5.5% ROI, this property is poised for value appreciation as the area grows. The price includes all expenses, including VAT.
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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