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 790Ssqm. Its total covered area is 1,323sqm and comprises the following:
- Basement of 690sqm
- Shops on the Ground Floor of total 394sqm
- 1st Floor of 6 studio apartments totalling 240sqm
The Property is currently rented receiving an annual income of €90,000.
The present yield is estimated to 5.82%.
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%)