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Building for Sale in Limassol Municipality, Limassol, Cyprus

Mixed Use Building close to new Casino

Property type:
Building
Plot Area:
790 m2
Furnish Status:
Non-furnished
Parking:
No
Stage:
Any
‎‎€ 1,600,000.00
Price per square meter
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Location

Map
Limassol Municipality, Limassol, Cyprus

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 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%)

Nearby Amenities within 1 km

School
8
Hospital
11
Bank
19
Park
27
Shopping mall
10
Supermarket
24
Police
3
Transit station
13

Prices & Trends

Like this property? Come back to it later, easily.

‎‎€ 1,600,000.00
Price per square meter
Call now
Verified
This user has been verified for the accuracy of its contact details.
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