€1,700,000 $1,794,396
Fox Smart Estate Agency Limassol
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Pay in USD and save up to $62,804Key features
- Listing ID: 1425703 (25520)
Description
Apartment Building located in Limassol's popular Historical Center, presenting a
perfect opportunity for investment as a high yielding rental asset or as an
opportunistic re-sale opportunity upon completion.
The buildings sits in very close proximity to Molos promenade (300m) and the
Limassol Marina (2km), situated near all modern amenities with easy access to the
main highway.
(Off Plan) Entire Building comprised of 9-studio apartments with planning
permit.
Annual Yield of 8.2%
NO VAT or TRANSFER FEES are applicable! "Plot is under an SPV"
Building rented out on a 5-year lease agreement to corporate tenant for
€118.800 per year
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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